JOE Biden’s new child credit scheme is set to be extended permanently following a series of demands from lawmakers.
The push comes amid the success of the $1.9 trillion stimulus bill, which is already helping forty million families cope with the effects of the pandemic.
The reformed tax credit, set to be start in July 15, will pay up to $3,600 for children five and under and up to $3,000 for children six to 17 in 2021.
The tax credits being previously capped at $2,000 per child.
The increased payments were unveiled as part of President Joe Biden's American Rescue Plan and will go out in monthly payments, with a balance being sent out at tax time next year.
Families eligible for the full benefit will receive $300 per week for children under six and $250 per week for children six to 17 starting July 15.
However, lawmakers have now called for an expansion of the scheme amid the benefits it have for families.
It comes after a new report from the Annie E. Casey Foundation suggested the permanent expansion of the child tax credit has the potential to lift more than four million children out of poverty.
The latest data from the U.S. Census Bureau show that about thirty-four million people live in poverty in the United States.
“Every child needs food, health care and safe and stable housing,” the group writes.
“Millions of households with children already lacked these necessities before the pandemic, and this economic and public health catastrophe has brought millions more face-to-face with challenges.”
As a result, Congressman Richard Neal, who is the chairman of the House Ways and Means Committee, recently introduced a bill that aims to extend the child tax credit permanently.
“For our economy to fully recover from this pandemic, we must finally acknowledge that workers have families, and caregiving responsibilities are real,” he said.
Biden had set out the American Rescue Plan during a speech in April.
The package is geared towards child care, health care, education and other core aspects of the household architecture for most Americans.
During a recent press conference, White House Press Secretary Jen Psaki mooted the potential benefits if the scheme was rolled out indefinitely.
She said, “if it could be passed, the families of tens of millions of children will continue to get regular payments.”
Already many Americans have asked the questioned whether a $1,400 fourth round of stimulus checks will be released.
Discussions regarding a fourth round of checks are likely to take place this week as Congress is meeting again after a recess.
Many Democratic lawmakers have expressed support for additional direct payments, though Republicans have remained staunchly opposed to more checks.
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