Monthly Stimulus Checks Until 2025? How Joe Biden Could Do It.
Millions of American families could see monthly stimulus checks until 2025 if President Joe Biden’s American Jobs Plan sees success on Capitol Hill.
Millions of American families could see monthly stimulus checks until 2025 if President Joe Biden’s American Jobs Plan sees success on Capitol Hill.
The checks, which would be in the form of a child tax credit, were first implemented under Biden’s relief package. The president boosted the original $2,000 credit to $3,000 and allowed parents with children under the age of 6 to qualify for $3,600. The measure also permits parents of children at an age of 17 to be eligible for a tax credit. The credit is fully refundable, and the $2,500 earned-income requirement has been eradicated.
$3,600 Stimulus Checks Forever? Democrats Want to Go Big
Biden’s American Rescue Plan expands the existing $2,000 annual child tax break to $3,600 for children under the age of 6 and $3,000 for children between the ages of 6 and 17. Progressives Have a bigger idea.
President Joe Biden unveiled his American Families Plan on Wednesday, which calls for a temporary extension of the enhanced child tax credit, a Covid-era policy that was featured in the president’s coronavirus relief package.
And although Democrats largely applauded Biden’s legislative initiative, several party members think it falls short of providing enough relief to American families.
House Ways and Means Committee Chairman Richard Neal (D-Mass.) released a bill on Tuesday that pushes for a permanent extension of the child tax credit.
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