Democrats get good news from IRS chief
Democrats are welcoming the IRS's announcement that it's on track to start making monthly payments of the child tax credit in July, a step that could help their effort to make the expansion of the credit in President Biden's relief law permanent.
Biden's coronavirus relief law, enacted in March, directs the IRS to issue advance payments of the credit on a periodic basis, so that families receive money in installments throughout the year rather than in a single payment after they file their tax returns.
IRS Commissioner Charles Rettig said at a Senate Finance Committee hearing Tuesday that he expects the agency to be able to start making payments in July, as the relief law prescribes, and on a monthly basis, as Democrats had hoped.
Democrats see the monthly payments as a key way to reduce child poverty and help families during the pandemic. A bumpy rollout of the payments could make it harder for Democrats to permanently expand the child tax credit and tout the expanded credit ahead of the 2022 midterm elections.
https://www.msn.com/en-us/news/politics/democrats-get-good-news-from-irs-chief/ar-BB1fFb8o
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