Senior Democratic lawmakers are moving to fulfill President Biden’s desire to expand the child tax credit by drafting legislation that would direct the IRS to send recurring monthly payments to tens of millions of American families, according to officials who spoke on the condition of anonymity to share knowledge of the internal discussion.
Under one draft of the plan being discussed, the IRS would be tasked with depositing checks worth $300 every month per child younger than 6, as well as $250 every month per child age 6 to 17. That would amount to $3,600 over the course of the year for young children, as well as $3,000 a year for older children, the officials said.
Unlike with the stimulus checks, the Biden administration and Democratic lawmakers are hoping to make these child benefits a permanent government program that would continue in future years, according to three senior Democratic officials who spoke
I don’t know how likely it is, but
Under one draft of the plan being discussed, the IRS would be tasked with depositing checks worth $300 every month per child younger than 6, as well as $250 every month per child age 6 to 17. That would amount to $3,600 over the course of the year for young children, as well as $3,000 a year for older children, the officials said.
Unlike with the stimulus checks, the Biden administration and Democratic lawmakers are hoping to make these child benefits a permanent government program that would continue in future years, according to three senior Democratic officials who spoke
I don’t know how likely it is, but
Why not $500?
