![]() ![]() While the latest stimulus payments began hitting bank accounts in March, some people have had to wait weeks or months for their checks. Payments are still going out to people for whom the IRS didn't previously have enough information to issue a check but who recently filed a tax return, as well as for people who qualify for extra money known as "plus-up" payments. The tax agency added that it is continuing to issue stimulus checks on a weekly basis. The IRS said it has now delivered more than 171 million payments worth more than $400 billion, with the last batch of checks amounting to more than $4 billion. The latest round of payments is part of the Biden administration's efforts under the American Rescue Plan to deliver $1,400 to each eligible adult and child. Some of those payments include "plus-up" adjustments for people who received less money than they were entitled to in earlier checks. The IRS on Wednesday said it is continuing to distribute federal stimulus checks to eligible Americans, with another 2.2 million payments issued as recently as July 21. Thom Tillis, R-N.C., told Punchbowl it was one thing to support the child tax credit during the pandemic, but "those times are gone.Some struggling families are still waiting on government aid 06:43 "It’s going to be a live, open issue for this entire cycle, because you have people like me on the committee who actually do support it."īut not everyone agrees. "This issue is not dead," he said, according to the outlet. Brian Fitzpatrick, R-Pa., said he would use his seat on the House Ways and Means Committee to push for that reform, according to Punchbowl News. This may be a bargaining chip that we can use." "We know that that’s like one of their top issues. Don Bacon, R-Neb., told Punchbowl News last month. "I think Republicans want to consider it as part of a compromise for the Democrats," Rep. Republican members of the bipartisan Problem Solvers Caucus could be key negotiators in such a deal, and some conservative senators are also considering the plan. Passing another tax policy wouldn't be simple or easy.ĭespite challenging odds, it could pass if it becomes a bargaining chip in spending negotiations that can give both parties what they want − a business tax cut for Republicans and a child tax credit for Democrats. The clash of the political parties brought the country within hours of defaulting on its debt a little more than a month ago. It's a challenge to get anything through a divided government, with Republicans narrowly holding the House and Democrats narrowly holding the Senate. Sherrod Brown, D-Ohio, has 40 cosponsors. Alexandria Ocasio-Cortez, D-N.Y.Ī companion bill in the Senate, led by Sen. Major Democratic figures are among the bill’s 210 cosponsors, from House Minority Leader Hakeem Jeffries, D-N.Y., to Rep. "No government program has impacted so many Americans in such a short amount of time," he said. Ritchie Torres, D-N.Y., a third lead co-sponsor, said in 2021 the child tax credit reached more than 61 million children and lifted nearly 4 million of them out of poverty. Suzan DelBene, D-Wash., another sponsor of the legislation, called on her fellow lawmakers to “build” on the American Rescue Plan “by permanently reinstating this monthly benefit to ensure that every child has a fair chance at success.” Who's leading the push for a new stimulus?ĭeLauro introduced the legislation in June, saying the expanded monthly payments have already “helped parents pay bills, keep healthy and nutritious food on the table, afford school clothes and supplies, pay for a music lesson or a new pair of cleats, or manage a mortgage or rent payment.” That's according to a fact sheet from the office of Rep. Provide a "baby bonus," an extra $2,000 in the month a new baby is born.Continue the young-child tax credit of $300 per month for children 6 years old and younger.Expand the maximum child tax credit to $250 per month.Remove an earnings requirement from the full credit.The legislation, one of President Joe Biden’s signature programs in office, boosted the 2021 tax credit, with the most significant increases going to lower-income families with children. ![]() It's a Democratic proposal with enough Republican support to seem like more than a wish list and would make permanent the expanded child tax credit signed into law under the American Rescue Plan. lawmakers are trying to put the $300-a-month child tax credit payments back in American wallets – this time with a $2,000 baby bonus. ![]()
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