Third summary of stimulus control news: March 17, 2021
Biden wants to make child tax credit permanent – White House
President Joe Biden wants to make permanent the child tax credit included in his $ 1.9 trillion coronavirus relief package, White House press secretary Jen Psaki said on Tuesday.
Biden and other officials in his administration are traveling across the United States to promote and explain the newly adopted relief measure, which provides stimulus checks of $ 1,400 to most Americans.
The program also extends the U.S. federal child tax credit for one year to a fully refundable credit of $ 3,600 for children under 6 and $ 3,000 for children ages 6 to 17, up from 2 $ 000 partially reimbursable per child.
Experts say the move will dramatically reduce child poverty in the United States. Nearly 11 million American children, or one in seven, live in poverty, estimates the Center for American Progress, a progressive think tank.
“The president wants to make the child tax credit permanent,” Psaki told reporters in response to a question. Senate Majority Leader Chuck Schumer and Senator Kirsten Gillibrand, Schumer’s compatriot Democrat in New York, said on Sunday they would push to spend the improved child tax credits as they progressed with d other initiatives, including legislation to modernize US infrastructure.
Psaki said Biden was looking at various proposals, including one from Republican Senator Mitt Romney, to continue giving credits to Americans, and saw them as essential in bringing more women back into the workforce.
“He thinks it’s also one of the ways we can help reduce the number of women – working women – who have left the workforce,” she said. “But we just need to find a vehicle, and we’re having these discussions with Congress.”