Monthly Payments to Families With Children to Begin
The New York Times
The Biden administration will send up to $300 per child a month to most American families thanks to a temporary increase in the child tax credit that advocates hope to extend.
WASHINGTON — If all goes as planned, the Treasury Department will begin making a series of monthly payments in coming days to families with children, setting a milestone in social policy and intensifying a debate over whether to make the subsidies a permanent part of the American safety net. With all but the most affluent families eligible to receive up to $300 a month per child, the United States will join many other rich countries that provide a guaranteed income for children, a goal that has long animated progressives. Experts estimate the payments will cut child poverty by nearly half, an achievement with no precedent. But the program, created as part of the stimulus bill that Democrats passed over unified Republican opposition in March, expires in a year, and the rollout could help or hinder President Biden’s pledge to extend it.
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