United States of america Democrats got their $1.7 trillion omnibus spending bill through the Senate three days to debate in the House before Congress’s winter shutdown on Friday, but at a cost.
child tax credit The US rescue plan was extended for 2021 and 2022 and child poverty is slated to drop from 9.7 percent before the plan began in 2021 to 5.2 percent by the end of the year.
expected to expand
Democrats had hoped to extend it into 2023 and listed it as a top priority in their talks with Republicans, but it was a tough no-no from the GOP and hence the extension in the massive 4,155-page bill that passed the Senate. was not included.
“Republican leaders decided to send a lump of coal to America’s children this year,” said Michael BennettColorado Senator.
“We know that the most important step Congress can take to help America’s children is to expand support child tax credit, When Congress acts on this in 2021, we cut childhood poverty in America in half.
“Over the past few weeks, Republican leaders in Washington have refused to even discuss a deal that would benefit America’s children and businesses.
“They were absent from the negotiating table, and the year ahead will be very difficult for America’s families.”
How much Child Tax Credit is available in 2023?
The move means credit checks will be reduced for families, and as the country is still reeling from the impact of the pandemic, fears that child poverty will almost drop.
Under the American rescue plan, child tax credit Raised from $2,000 to $3,000 for children over the age of six and $3,600 for children under the age of six.
Although, child tax credit It will now revert to a $2,000 per child basis regardless of age for 2023.