Democrats / Congress / Child Tax Credit / Joe Manchin / Joe Biden / Politics / The Soapbox / Reconciliation / Economic Inequality / Economy / Rosa DeLauro / Nancy Pelosi / Cory Booker / Jared Huffman / Ron Wyden / Michael Bennet / Suzan DelBene

Biden Has Put the Child Tax Credit Extension on the Chopping Block

Posted On: Dec 1, 2021   |   Posted By: The New Republic

An extension of the expanded child tax credit may seem like an obvious contender for inclusion in the Democrats' massive reconciliation bill that's set to contain a host of President Joe Biden's key priorities. Unlike several other proposed programs, the expanded credit has already been implemented, and has yielded a clear and measurable impact on child poverty. The credit's proponents have argued in favor of a permanent extension, and a House version of the Build Back Better Act followed through, extending it through 2025. However, Democrats are now looking to trim costs of the bill from an initial goal of $3.5 trillion to something closer to $1.5 trillion, the ideal topline proposed by Senator Joe Manchin, one of the biggest Democratic skeptics of excessive government spending on social programs. With costs in mind, progressives in the House are pushing for a final package that implements a grab bag of priority programs for shorter periods of time , as opposed to just a few programs with longer timelines....

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