In the News
CNN: Democrats will introduce $3,000 per child benefit Monday as part of stimulus packageBy Daniella Diaz and Tami Luhby
Washington, D.C.,
February 7, 2021
House Democratic leaders will unveil legislation Monday that would give 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 Rep. Richard Neal is leading the crafting of the legislation for the stimulus package and will introduce the enhanced Child Tax Credit bill tomorrow, according to a House Ways and Means 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. The 22-page 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 size of the benefit would phase out for single Americans earning more than $75,000 per year, as well as for couples jointly earning more than $150,000 per year. Families would also be able to receive the Child Tax Credit payments on a monthly basis. If this particular legislation is passed by Congress, the payments would begin in July for one year. Reps. Rosa DeLauro, Suzan DelBene and Ritchie Torres are also set to introduce standalone legislation on Monday, known as the American Family Act, that would continue the benefit permanently. Rep. DeLauro, who has been working on expanding the child tax credit since 2003, said in a statement to CNN: “We cannot stop here. We must use this moment to pass the American Family Act and permanently expand and improve the child tax credit. One year is not enough for the children and families battling not just the coronavirus, but poverty, too.” The Washington Post was the first to report details of the legislation and the fact that it would be unveiled Monday. |