Democrats Seek Temporary Expansion of Child Tax Credit, but Making It Permanent Is Real Goal – The Wall Street Journal

Category: Democrats

WASHINGTONDemocrats are resorting to a well-worn tactic for their plan to expand the child tax credit: Push for a short-term policy, then highlight the consequences of letting it expire as scheduled.

The expansion of the credit would send money to households, increasing the benefit to $3,000 a child from $2,000 while adding a $600 bonus for children under age 6. It is a key piece of the $1.9 trillion pandemic-relief plan that the House passed on Saturday and that the Senate will consider this week.

Advocates say the bill would cut child poverty in half. But that larger credit is scheduled to last only through 2021, and its backers are already warning what will happen if it expires and urging a permanent extension.

Were really confident that Congress is not going to want to double the child poverty rate in this country, Sen. Michael Bennet (D., Colo.) told reporters last week.

Once the larger credit is in place, it wont go away, regardless of the Dec. 31 expiration date, predicted Brian Riedl, a former Senate GOP aide who is now a senior fellow at the Manhattan Institute, a conservative think tank.

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Democrats Seek Temporary Expansion of Child Tax Credit, but Making It Permanent Is Real Goal - The Wall Street Journal

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March 4th, 2021
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