United State Democrats got the $1.7 trillion sweeping spending bill through the Senate for three days of House debate before the winter Congress closes on Friday, but it came at a price.
Child tax credit Expanded for 2021 and 2022 in the American Rescue Plan, 2021 saw the child poverty rate drop from 9.7% before the plan was introduced, to 5.2% by the end of the year.
Hope to extend
Democrats had hoped to extend that into 2023 and included it as a top priority in their negotiations with Republicans, but it was hard to reject from the GOP, so the extension was not included in the massive 4,155-page bill passed by the Senate.
“Republican leaders have decided to send a piece of coal to America’s children this year,” he said. Michael BennettSenator from Colorado.
“We know that the most important step Congress can take to help America’s children is to support expansion Child tax credit. When Congress took action on this matter in 2021, we halved child poverty in America.
For the past few weeks, Republican leaders in Washington have refused to even discuss a deal that would benefit America’s children and businesses.
They were absent from the negotiating table, and the coming year will be even more difficult for America’s families as a result.
How much child tax credit is available in 2023?
The move means fewer credit checks for families, and as the country continues to grapple with the effects of the pandemic, there are fears that nearly halving the child poverty rate may be a blip.
Under the American Rescue Plan, Child tax credit From $2,000 to $3,000 for children over six years of age, and up to $3,600 for children under six.
But, Child tax credit It will now return to that base of $2,000 per child, regardless of age, for 2023.
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