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Yo_Mama_Been_Loggin

(108,183 posts)
Fri Jul 2, 2021, 01:44 PM Jul 2021

Child tax credit checks are coming this month, Biden says

Source: NBC News

WASHINGTON — President Joe Biden highlighted that many parents will begin getting checks in the mail this month under the new child tax credit as he seized on a strong jobs report to argue his economic policies are working.

As part of the $1.9 trillion American Rescue Plan approved in March, the federal government will start sending out monthly checks to parents who qualify for the annual credit of $3,600 per child under 6 and $3,000 for those older. Biden said a middle-class family with two young children can expect a monthly check of $600 for the next 12 months.

The payments were part of a broader case Biden made Friday to argue that his economic policies are working. Republicans have criticized the direct stimulus elements of his plan, saying that the expanded unemployment benefits were keeping workers on the sidelines and that the influx of cash into the economy would lead to high inflation.

"None of this happened by accident,” Biden said. “We're proving to the naysayers and the doubters that they were wrong.



Read more: https://www.msn.com/en-us/news/politics/child-tax-credit-checks-are-coming-this-month-biden-says/ar-AALHJaN?li=BBnbfcQ&ocid=DELLDHP

9 replies = new reply since forum marked as read
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Child tax credit checks are coming this month, Biden says (Original Post) Yo_Mama_Been_Loggin Jul 2021 OP
Rethugs talked for 50 years about doing something for the children. Dawson Leery Jul 2021 #1
Love that lower income parents with get some financial assistance for their kids. It takes a iluvtennis Jul 2021 #2
Hope parents are able to bank some if it Sucha NastyWoman Jul 2021 #3
Ditto. n/t iluvtennis Jul 2021 #4
It is short term forthemiddle Jul 2021 #8
This is such a wonderful thing wryter2000 Jul 2021 #5
I believe that this is a slightly increased tax deduction people got every year when they file taxes MichMan Jul 2021 #9
And I sure hope my daughter & her significant other finally got their record-keeping shit together... Hekate Jul 2021 #6
Everyone gets a 2 by 4 . twodogsbarking Jul 2021 #7

Dawson Leery

(19,348 posts)
1. Rethugs talked for 50 years about doing something for the children.
Fri Jul 2, 2021, 02:38 PM
Jul 2021

They never did fulfill their promise (as cons always break their promises). A Democratic did it!

iluvtennis

(19,870 posts)
2. Love that lower income parents with get some financial assistance for their kids. It takes a
Fri Jul 2, 2021, 02:40 PM
Jul 2021

lot to clothe, feed, school, and provide thriving environment for kids.

Bravo Biden

Sucha NastyWoman

(2,754 posts)
3. Hope parents are able to bank some if it
Fri Jul 2, 2021, 03:42 PM
Jul 2021

So when the Republicans get rid of it as soon as they (hopefully never) have power again they won’t have to return to senseless poverty.

forthemiddle

(1,382 posts)
8. It is short term
Sat Jul 3, 2021, 07:09 AM
Jul 2021

For the next 12 months only, according to the article.

Part of Covid relief, not a new long term policy.

wryter2000

(46,081 posts)
5. This is such a wonderful thing
Fri Jul 2, 2021, 06:40 PM
Jul 2021

Instead of giving people a tax break that might fill a tank full of gas, they're going to get some money.

MichMan

(11,965 posts)
9. I believe that this is a slightly increased tax deduction people got every year when they file taxes
Mon Jul 5, 2021, 01:05 AM
Jul 2021

Just getting 1/12th of it every month rather in one lump sum next Spring

Hekate

(90,787 posts)
6. And I sure hope my daughter & her significant other finally got their record-keeping shit together...
Fri Jul 2, 2021, 07:01 PM
Jul 2021

Because they surely could use the money.

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