Democrats working on legislation to provide $ 3,000 per child due to epidemic

In a draft proposal, the IRS would deposit checks of $ 300 each month for a child aged 6 to 17 and $ 250 every month from age 6 to 17. This would give parents $ 3,000 a year for each child between the ages of 6 and 17. And $ 3,600 per child under 6 years of age.

Another Democratic aide said the changes would last a year, but lawmakers would insist on making them permanent.

The source also confirmed to CNN that Richard Neill, chairman of the House Weyes and Means Committee of Massachusetts, is directly involved in an effort to write an extension of the child tax credit, as well as Rosa Delauro, chairman of the House Appointments Committee of Connecticut and Reps. Suzanne Delbyen. Democrat of Washington.

The post mortem report states that eligibility for benefits similar to incentive checks will be based on family income for the prior tax year and will be phased in at a fixed income amount.

A White House official did not respond to CNN’s request for comment.

Biden previously said he wanted to extend the child tax credit and last week he unveiled a $ 1.9 trillion proposal that would do so for a year. He also called for making it fully refundable to allow more families to claim it. According to the Left-leaning Center on Budget and Policy Priorities, 27 million children live in low-income families who receive partial or no tax credits because they earn very little.

A responsible extension to a non-partisan fiscal monitoring committee would cost about $ 120 billion for a one-year extension.

Here's Biden's $ 1.9 trillion economic rescue package

The president’s proposal includes a $ 1,400 incentive check, increased unemployment, nutrition and housing assistance, as well as an extension of income tax credits earned to low-income workers, among other measures.

“All told, the American Rescue Plan lifted 12 million Americans out of poverty and cut child poverty in half. It has lifted 5 million children out of poverty,” Biden said Friday before signing two executive orders Said who will increase nutritional support and strengthen the federal worker. Security.

Biden also said the proposal would reduce poverty by a third among black families and about 40% in Hispanic households.

The US rescue plan would increase several measures in Congress’s historic $ 3 trillion coronavirus relief bill since March and $ 900 billion in legislation from December, which was scaled back to gain support from Senate Republicans.

CNN has reported that Biden’s stimulus proposal is already facing Republican objections, and Senate Democrats are working at the grassroots to use a rare procedural strategy known as reconciliation , Which is meant to pass major parts of the package if Republicans block their efforts.
The White House wants Democrats to be patient with the stimulus as Biden pushes for the Biddartisan route, officials say
The White House has urged Dheeraj when it comes to negotiating and passing a stimulus plan on a bipartisan basis through the regular Senate process, but Biden’s team has said they would “remove any equipment from the table Not ready for. ”
The current child tax credit provides up to $ 2,000 per child under 17 years of age. Offers a credit per child with a revised gross income of over $ 200,000 for single parents, and $ 400,000 for married couples. It is paid as a lump sum, not in monthly increments.

The $ 3 trillion Heroes Act, which the House passed in May, included a similar increase in the child tax credit.

The Tax Cuts and Jobs Act of 2017 broadened eligibility in many high-middle-income households, increasing loan size and refundable amounts for many families. These changes were pushed by Republican Sen. Marco Rubio of Florida.

According to the Congressional Joint Taxation Committee, more than 48 million households are expected to claim child tax credits by 2020.

This story has been updated with additional details.

Katie Lobosco of CNN contributed to this report.


Leave a Reply

Your email address will not be published.