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Biden: Child Tax Credit Will Lead to Biggest-Ever Drop in Child Poverty
Posted
July 15, 2021
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0:54Now PlayingPresident Joe Biden is touting the "historic" expanded child tax credit payments as his administration is beginning to distribute, giving parents on average $423 this month, with payments continuing through the end of the year.
"It's historic and it's our effort to make another giant step toward ending child poverty in America," Biden said.
The president was speaking at a White House event that included several families who will benefit from the credit.
"I think this will be one of the things that the vice president I will be most proud of when our terms are up," he said.
Biden has expanded the credit for one year as part of coronavirus relief for more than 35 million American families.
The benefit is set to expire after a year, but Biden is pushing for it to be extended through 2025 and ultimately made permanent.
Some Republican lawmakers say the payments will make parents less likely to work.
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