"The expanded child tax credit is popular, good for the economy, and a key element of President Biden's Build Back Better agenda. There is absolutely no reason for Congress to consider anything but a long-term extension of the policy."
The CTC provides most U.S. families with monthly tax credits worth up to $300 for each child they have aged six or younger and $250 for children between the ages of six and 17.
DeLauro told reporters Wednesday that she would "continue to pressure for a new framework that's more enduring for children and for families," countering the Biden administration's attempts to appease right-wing Democrats who claim the president's Build Back Better agenda is too expensive.
The Build Back Better Act, which would invest $3.5 trillion over a decade—or roughly $1,000 per year, per Americ-an—to reduce poverty and wealth inequality, mitigate the climate crisis, and improve the well-being of working families, includes an extension of the CTC, which Democrats including DeLauro and House Ways and Means Committee Chair Richard Neal (D-Mass.) say should last until at least 2025.
A one-year extension of the program would be "woefully inadequate," said McKenzie Wilson, spokesperson for Fighting Chance for Families.
"It would also be a massive missed opportunity to lock in one of this administration's greatest economic success stories as a pillar of America's commitment to children and families," Wilson added. "The expanded child tax credit is popular, good for the economy, and a key element of President Biden’s Build Back Better agenda. There is absolutely no reason for Congress to consider anything but a long-term extension of the policy."
"This should be a no-brainer: Putting money in the pockets of those who need it most is good for the children and families receiving it, good for local businesses, and helps protect this fragile economic recovery," said Wilson. "Members of Congress who have been fighting for this critical policy should stand strong and reject any attempt to allow the child tax credit to be eliminated next year."
This content originally appeared on Common Dreams - Breaking News & Views for the Progressive Community and was authored by Julia Conley.
Julia Conley | Radio Free (2021-10-20T20:11:35+00:00) ‘Should Be a No-Brainer’: Biden Pushed to Back Long-Term Child Tax Credit Extension. Retrieved from https://www.radiofree.org/2021/10/20/should-be-a-no-brainer-biden-pushed-to-back-long-term-child-tax-credit-extension/
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