The CHILDREN’s tax credit stimulus payments are set to end, after Senator Joe Manchin expressed his opposition to President Biden’s $ 1.9 trillion Build Back Better plan.
The news comes as many families grapple with a new wave of Covid cases.
Child tax credit payments – up to $ 300 a month – were made earlier this year as part of the US bailout, and the last payments were made last week.
President Biden had hoped to renew them as part of his Build Back Better legislation – but that seems doomed now that Manchin has voiced his opposition.
“If I can’t go home and explain it to the people of West Virginia, I can’t vote for it,” Manchin told Fox News on Sunday.
“And I cannot vote to continue with this bill.”
Manchin has often expressed concerns about the cost of the $ 1.9 trillion spending plan – which would increase social spending, child care, health care and provide funds to fight climate change.
Manchin, a Democrat representing West Virginia, is a key vote in a divided Senate, as Democrats need all 50 chamber members to vote for the plan for it to be successful.
Without this vote, it becomes nearly impossible for the Build Back Better plan to pass, with Republicans in the Senate firmly against it.
The opposition is a blow to parents who hoped for the continuation of child tax credit payments until 2022.
Child tax credit payments were made this year as part of President Biden’s US bailout.
The payments provided up to $ 300 per month for parents with children under six.
Families with children between the ages of six and 17 received $ 250 per month, while college students between the ages of 18 and 24 received a one-time payment of $ 500.
Read our live blog on the Child Tax Credit for the latest news and updates …
All households with children eligible for the $ 1,400 stimulus check issued in March 2021 were eligible for the child tax credit.
The final payment in 2021 is released from December 15th.
As the payments have been split in half, many parents will be able to claim the remaining $ 1,800 when filing a 2021 tax return next year.
But from now on, that will be the end of the child tax credit.
President Biden hoped he could extend the payments with the passage of the Build Back Better plan.
He had openly admitted that the plan wouldn’t pass until the end of the calendar year, but he hoped it would arrive in January.
However, this would have caused an interruption in child tax credit payments.
Speaking to reporters on Friday, White House press secretary Jen Psaki said: “If we do this in January, we have discussed with Treasury officials and others about the possibility of making duplicates. payments in February. ”
“But the president wants to see this move forward, it is a priority for him as soon as the Congress returns.”
We explain five ways you can try to replace child tax credit payments.
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