Democrats looking to introduce bill that would offer families at least $3k per child

Democrats looking to introduce bill that would offer families at least $3k per child

House

Democrats
are
working
on
legislation
that
would
permanently
expand
the
child
tax
credit
to
provide
thousands
per
year
per
child
to
tens
of
millions
of
Americans
in
the
form
of
monthly
recurring
payments. 

Under
the
American
Family
Act,
tax
credits
would
be
“fully
refundable”
and
the
IRS
would
send
$300
monthly
checks
for
families
with
a
child
under
6
and
$250
payments
for
children
between
6
and
17. 
That
would
amount
to
$3600
per
year
for
children
under
6
and
$3000
for
older
children. 

Reps.
Suzanne
Delbene,
D-Wash.,
and
Rosa
DeLauro,
D-Conn.,
are
working
on
introducing
the
bill,
according
to

The
Hill. 


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The
bill
was
introduced
in
the
last
Congress
and
earned
the
support
of
38
of
47
Democrats
and
187
of
232
House
Democrats. President
Biden
has
since
out
in
support
of
an expansion
of
the
tax
credit
as
part
of
a
coronavirus
relief
package,
but
only
for
one
year.

 A
one-year
expansion
would
cost
about
$120
billion,
according
to the 
nonpartisan
fiscal
watchdog
Committee
for
a
Responsible
Federal
Budget.
Republicans
are
generally
expected
to
oppose
the
measure
due
to
its
price
tag. 

“Reps.
DelBene
and
DeLauro
are
planning
to
reintroduce
the
American
Family
Act
soon.
We
are
currently
working
through
technical
changes
to
the
bill,
including
discussions
with
the
Biden
administration
on
how
this
would
be
implemented
to
get
benefits
to
families
quickly
and
efficiently,”
Nick
Martin,
a
DelBene
spokesperson,
said. 


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“The
president’s
support
for
this
policy
is
a
game-changer.
The
one-year
expansion
is
important
pandemic
relief
policy
but
permanently
expanding
the
benefit
could
give
millions
of
children
the
opportunity
to
succeed.
The
permanent
expansion
is
estimated
to
lift
4
million
children
out
of
poverty
and
cut
deep
poverty
among
children
in
half,”
he
added. 

The
current
child
tax
credit
is
up
to
$2,000
per
child
16
and
under,
and
it
reduces
taxes
on
a
dollar-for-dollar
basis
rather
than
in
the
form
of
a
check.
Up
to
$1,400
of
the
Child
Tax
Credit
is
refundable,
meaning
if
taxes
are
reduced
to
zero
for
lower-income
families
they
can
get
a
refund
on
what
is
left
over. 

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The
credit
phases
out
for
single
parents
who
make
over
$200,000
or
couples
who
make
over
$400,000.
The
2017
Tax
Cut
and
Jobs
Act
increased
the
size
of
the
credit
for
many
families
and
the
amount
that
is
refundable.
Such
changes
were
pushed
by
Sen.
Marco
Rubio,
R-Fla. 

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