WASHINGTON (AP) — The massive coronavirus relief plan making its way to President Joe Biden’s desk includes a plan to temporarily raise the child tax credit that could end up permanently changing the way the country deals with child poverty. It also sets up a potential political showdown with Republicans over an issue that Democrats believe could drive significant wins for the party in the 2022 midterm elections and beyond. The American Rescue Plan, expected to receive final approval this week, temporarily raises the child tax credit, now at a maximum of $2,000, to as much as $3,600 per child annually.Read more on NewsOK.com
Child Tax Credit Expansion Sets Up Showdown With Gop
NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Mon, 03/08/2021 - 4:29pm
BING NEWS:
- Summarizing the Benefits of the 2021 Child Tax Credit Expansion on Families: What the Data Reveals
The temporary expansion of the Child Tax Credit (CTC) in 2021 was a lifeline for tens of millions of American families, providing crucial financial support to help cover the cost of raising children.
11/13/2024 - 10:04 am | View Link - More
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