White House: Biden Wants to Make Child Tax Credit Expansion ‘Permanent’

The White House on Tuesday confirmed President Joe Biden wants to see the child tax credit expansion—which was added as part of the latest stimulus bill—become a permanent policy moving forward. The child allowance grants were increased as part of the $1.9 trillion COVID-19 relief package, and drastically expands the nation’s welfare state. Some experts called it a move toward universal basic income. As part of the stimulus, the credit was increased to $3,000 per child from ages six to 17, and $3,600 for children under six. It was made fully refundable, and payable in monthly instillments of $300. Before this, the maximum annual credit was $2,000 for every child under 17. White House press secretary Jen Psaki was asked on Tuesday for clarity on making the policy permanent, a move some experts had already predicted. The reporter said it looked unsure if the administration was going to pursue making the policy …
Read More
RSS Feed | The Epoch Times