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Biden Administration’s Tax Credit Plan Drafted To Give Parents Up To $300 Per Month Per Child

The Biden Campaign is hopeful that legislation being drafted by Democrats in Congress will help reduce child poverty and hunger, by replacing the current Child Tax Credit with a monthly payment between $250 and $300 per child.

[Photo by Alex Wong/Getty Images]

The Washington Post reports that the current proposal would put this measure into place for a single year, after which Democrats hope that pressure could be placed on Congress to continue indefinitely. Researchers say that it would cut child poverty in the U.S. by more than half.

The new proposed legislation borrows from previously proposed ideas, such as Senator Michael Bennet’s (D-CO) American Family Act of 2019, increasing the child tax credit maximum from $2,000 to $3,600 for children under age 6, and $3,000 for children aged 6 to 17, splitting that into monthly payments of, respectively, $300 or $250 per child.

MSNBC‘s Stephanie Ruhle pointed out some benefits of the Biden plan last week. In addition to expanding the total amount of credit per child, the proposal also expands access, giving the credit even to those families who do not make enough money to file for a tax return.

This proposal is far from the entirety of Biden’s plan for cutting child poverty, but Columbia University’s Center on Poverty and Social Policy includes it, along with enhanced SNAP (Supplemental Nutrition Assistance Program, often known as ‘food stamps’) benefits and unemployment benefits, in a fact sheet describing a total package that could make a massive dent in the harm of child poverty over the course of the next year.



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