Child Tax Credit likely to only be included with major restrictions
2024-08-13
The IRS sent out the fourth round of Child Tax Credit monthly payments on Friday and calls for the programme to be extended beyond December are growing louder. Moderates in Congress like Sen. Joe Manchin and Sen. Krysten Sinema have stated their reluctance to support an extension of the Child Tax Credit, but President Biden is determined not to let the popular, effective programme expire.
The idea of a universal fourth stimulus check for Americans appears to have disappeared, with President Biden focused instead on the American Rescue Plan and an enhanced Child Tax Credit.
