Capitol Report: Victories for Some Children But Not For Others (Yet)
Another fallout from Manchin’s machinations. Nine out of every 10 families can benefit from the child tax credit, but the inability of the U.S. Senate to extend it from pandemic relief to a permanent pre-tax fixture could have millions missing out. There is no doubt that the expanded child tax credit reduced the number of children living in poverty by nearly 40%! There is no doubt that each household could receive up to $3,600 for each child under 6 years old, and up to $3,000 for each child between 6 and 17 years old. But rather than providing the credits in monthly increments, families are now required to wait until ...Read More