(NewsReady.com) – When Democrats passed their COVID-19 stimulus package, they expanded the child tax credit for one year. Families were able to receive $2,000 to $3,600 for kids under the age of 6 and up to $3,000 for older kids. For the lowest-income households, the credit is fully available and the IRS will make payments from July through December to the parents. Now, Speaker of the House Nancy Pelosi (D-CA) has a new plan.
On Tuesday, March 11, the Speaker said that House Democrats want to make the child tax credit permanent. The Biden administration wants to extend the credit until 2025. However, Pelosi’s caucus reportedly isn’t impressed with that extension, saying that lawmakers “want to have it longer.”
SHOULD IT BE PERMANENT? Biden's coronavirus relief law increases the credit tax credit amount from $2,000 to $3,600 for children under age 6 and $3,000 for older children for 2021 only. https://t.co/VXb2NJxvqM
— WNDU (@WNDU) May 12, 2021
Not a single Republican voted for the expanded tax credit. In March, Senator Marco Rubio (R-FL) said it’s welfare assistance. Instead of pushing more tax credits forcing the people to become reliant on the government, the GOP said one solution is to tie the tax credits to work. But, the way it’s set up now is like a universal basic income, something the Right does not approve of.
In order to receive the original expansion on time, parents need to file their tax returns by May 17.
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