Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Proposal to stimulate Biden to include extended child allowance: report

Proposal to stimulate Biden to include extended child allowance: report



  • President-elect Joe Biden is expected to expand child benefits in a financial emergency package, The Washington Post reported.
  • Biden last year unveiled a plan to extend the tax deduction for children.
  • Democrats have supported the expansion of child benefits to combat high child poverty rates in the United States.
  • Visit the Business Insider website for more stories.

President-elect Joe Biden is expected to include expanded child benefits in a financial aid package due Thursday, sources told the Washington Post.

The report said Biden would likely push for a measure similar to his campaign proposal to provide $ 300 a month to households with a child under 6 and $ 250 a month to households with children between the ages of 6 and 1

7.

Last year, Biden proposed extending and increasing the tax deduction for children to $ 3,000 per child. Child for children 6 to 17 and to $ 3,600 for children under 6 years.

Biden’s website said the expansion would “provide thousands of dollars in tax breaks for middle-class households” and “help the hardest-working families avoid poverty and achieve greater economic security.”

Marc Goldwein, head of policy at the Committee on a Responsible Federal Budget, said on Twitter on Thursday that a five-member household could receive $ 19,000 with Biden’s expanded child tax deduction.

Biden rolled out this proposal in September. Experts previously told Insider that while the benefits would be significant for the working class, there would be work to be done to ensure that deserving families are not left out.

The financial distress package is expected to cost close to $ 1 trillion in child benefits, The Post reported.

Many Democratic lawmakers have supported the expansion of child tax benefits to combat the high rate of child poverty in the United States.

House Democrats approved an extension of the tax deduction for children last year. And Senator Michael Bennet of Colorado said in 2019 that he could think of “nothing more at war with who we are as Americans than letting children grow up in poverty.”




Source link