Child tax credit update: could it be extended until 2025?



Hhaving been included in the American rescue plan by the President of the United States Joe biden in March, the enlargement Child tax credit will offer eligible families up to $ 3,600 per child under six and 3000 dollars for children aged 6 to 17.

This news has been a relief for several families who have struggled to make ends meet after the COVID-19 outbreak and now House Democrats have offered to extend the child tax credit until 2025.

Parents have been receiving monthly payments of up to $ 300 since July and they continue to do so until the end of this calendar year, when once they file their taxes for that year, they will receive the second half. credit.

Republicans against the proposal

Republicans at House Ways and Means released a statement last week stressing that they would not support the Democrats’ proposal to extend the child tax credit.

“Democrats have turned the child tax credit into jobless welfare, which, if made permanent, will hurt families, risk losing billions of taxpayer dollars in waste and fraud, and cost money. jobs in the United States, “the statement read.

Manchin’s vote is crucial

After the House Ways and Means Committee presented on Friday a draft $ 3.5 trillion bill that would mean the child tax credit would be extended until 2025, the US senator said Joe machin expressed uncertainty as to whether it could potentially become permanent in the future.

“I support child tax credits,” Manchin told CNNState of the Union.

“Of course I try to help the kids. Before I start saying, is this going to be permanent, this and that, let’s see how we do that.

Manchin’s vote could be crucial, but the Democratic Party member said he would not support the Democrats’ proposal.



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