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2021 Child Tax Credit Update – IRS Thanksgiving Payments Issued As Deadline To Receive $ 300 In Looms


ARE THE DEMOCRATS ALLOCATED ON CHILD TAX CREDITS?

Democrats disagree on how long to continue paying the “child tax credit,” a program that essentially gives low- and middle-income families thousands of dollars per child each year.

They are also divided on whether this should be means tested and whether beneficiaries should be forced to work.

The deal currently under discussion would extend by one year the expanded child tax credit adopted in March.

But the Biden administration had asked for a four-year extension, while child poverty experts and many pundits and lawmakers wanted to make it permanent.

Extending it for one year instead of four would save some $ 300 billion on a $ 3.5 trillion spending plan that lawmakers are trying to cut.

Moderate Democratic Senator Joe Manchin – whose vote is crucial in the divided Congress – also wants job requirements and caps on payments to high earners.




the-sun : 2021 Child Tax Credit Update – IRS Thanksgiving Payments Issued As Deadline To Receive $ 300 In Looms

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