CNBC: House Democrats unveiled their plan to send up to $3,600 per child to families, a vast but temporary expansion of relief to households that experts have projected could lift millions from poverty.
- The proposal would add more detail to President Joe Biden’s call for expanding the Child Tax Credit as part of his $1.9 trillion Covid-19 relief legislation.
- The plan provides for $3,600 over a year for children under 6 and $3,000 for children under 18, to be distributed in monthly installments by the IRS, starting in July.
- The payments would phase out for individuals making more than $75,000 and couples making more than $150,000. Read More