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Trump's precedent:
Posted on: February 8, 2021 at 07:54:51 CT
ummmm MU
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House Democratic leaders will unveil legislation Monday that would give millions of families at least $3,000 per child, advancing a key provision in President Joe Biden's $1.9 trillion Covid-19 relief package.
Chairman of the Ways and Means Committee Richard Neal, who is leading the crafting of the legislation for the stimulus package, will introduce the enhanced Child Tax Credit bill, according to a committee spokesperson.
"The pandemic is driving families deeper and deeper into poverty, and it's devastating. We are making the Child Tax Credit more generous, more accessible, and by paying it out monthly, this money is going to be the difference in a roof over someone's head or food on their table," Neal said in a statement provided to CNN.
CNN obtained a copy of the 22-page bill. The Washington Post first reported on it.
The legislation would provide $3,600 per child under the age of six and $3,000 per child age six through 17 for a single year. The full benefit is available to single parents earning up to $75,000 annually and for couples earning up to $150,000. Payments would phase out after those thresholds.
Families can receive the Child Tax Credit payments on a monthly basis, which advocates say will make it easier to pay their obligations compared to getting a lump sum at tax time.
https://www.cnn.com/2021/02/07/politics/child-tax-credit-democrats-biden/index.html
Edited by ummmm at 07:55:04 on 02/08/21
Chairman of the Ways and Means Committee Richard Neal, who is leading the crafting of the legislation for the stimulus package, will introduce the enhanced Child Tax Credit bill, according to a committee spokesperson.
"The pandemic is driving families deeper and deeper into poverty, and it's devastating. We are making the Child Tax Credit more generous, more accessible, and by paying it out monthly, this money is going to be the difference in a roof over someone's head or food on their table," Neal said in a statement provided to CNN.
CNN obtained a copy of the 22-page bill. The Washington Post first reported on it.
The legislation would provide $3,600 per child under the age of six and $3,000 per child age six through 17 for a single year. The full benefit is available to single parents earning up to $75,000 annually and for couples earning up to $150,000. Payments would phase out after those thresholds.
Families can receive the Child Tax Credit payments on a monthly basis, which advocates say will make it easier to pay their obligations compared to getting a lump sum at tax time.
https://www.cnn.com/2021/02/07/politics/child-tax-credit-democrats-biden/index.html
Edited by ummmm at 07:55:04 on 02/08/21
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Trump's precedent: - ummmm MU - 2/8 07:54:51