Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Top Democratic Senators Push Biden to Revive Child Tax Credit

Jan. 26, 2022, 11:00 AM

A group of Senate Democrats is lobbying President Joe Biden to keep the expanded monthly child tax credit payment as the “centerpiece” of any revived tax and spending agenda despite the president’s suggestion it may need to be dropped.

The senators, led by Michael Bennet of Colorado, said in a letter to Biden on Wednesday that the now-expired tax credit was a “signature domestic policy achievement of this administration” and and that it kept 3.7 million children out of poverty in December alone.

Michael Bennet
Photographer: Al Drago/Bloomberg

“Without the expanded credit, nearly 10 million children will be thrown back into or deeper into ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription.