A great loss to millions of American children who fell back into child poverty when the end of the expanded Child Tax Credit payments.
The American Rescue Plan
The House of Representatives is turning over to Republicans for most of the control. Not a single Republican support the American Rescue Plan or expanded Child Tax Credit. However, One Democratic congressman is hoping to extend the expanded Child Tax Credit before Republicans take over in 19 days.
In 19 days, according to Knowledge, the new 118th Congress will be sworn into office. Republicans will be in charge of the House of Representatives while Democrats will maintain to have a majority in the Senate. This shift in voting power may help explain why, last week, Democratic Congressman Adam Schiff sent an urgent request to Speaker Nancy Pelosi and current House Majority leader Steny Hoyer.
The Request of Brining back the Expanded Child Tax Credit and Its Bad and Good News
The congressman is optimistic that there will be an opportunity to make generational changes In the next four weeks in America’s working families and children all over the country by extending the expanded Child Tax Credit.
The Hopes of the expanded Child Tax Credit payments being reintroduced have their bad and good news. The bad news is that: Republicans who opposed the American Rescue Plan or expanded Child Tax Credit payments are aware that they have the House majority if so. They have less reason to support the program endorsed by the Biden administration.
However, The good news is that traditional bipartisan talks are underway.
A growing number of Republicans are in favor of some Democrats in supporting some version of the expanded Child Tax Credit. Although there remains a difference between what Democrats and Republicans want to achieve in an updated program, the fact that negotiations remain a hopeful sign of great things are about to come. It is uncertain if the two parties will manage to come up with an agreement and if they can, it’s difficult to know what will be included and what will be eliminated.
millions of Americans benefited from the financial support in raising a child is expensive and the next few months will show whether the program will be needed to revise and will renew.