Can Biden's child tax credit be revived?
Economic Policy,Child Tax Credit,Taxes,Build Back Better,Economy And Jobs
The expanded child tax credit, a groundbreaking social program that gave millions of American families monthly checks from the federal government, expired at the end of the year.
The U.S. has had a child tax credit since the 1990s, but when Democrats passed their $1.9 trillion economic stimulus package in March, they made three major changes that transformed it from a typical end-of-year tax write-off to the closest thing the country has ever had to a child allowance. The bill increased the size of the credit from $2,000 to up to $3,600, issued checks monthly and changed eligibility rules so low-income parents who had been left out under the previous system could receive the full benefit.
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