March 26, 2021

Masslive: Sens. Ed Markey, Elizabeth Warren join push for permanent $3,000-plus Child Tax Credit as White House preps massive infrastructure, recovery plans

The temporary $3,000-plus Child Tax Credit approved in President Joe Biden’s $1.9 trillion COVID-19 relief bill should remain permanent, Sens. Ed Markey and Elizabeth Warren and more than three dozen Democratic senators recently argued.

The expanded credit — from $2,000 to $3,000 per child aged 7 to 17 and $3,600 for every child under 6 — will go to parents of 83 million American children, including 1 million in Massachusetts. Biden says the move cuts U.S. child poverty in half; Rep. Jim McGovern, another Massachusetts Democrat who supports making the expansion permanent, recently noted the provision will lift 55,000 Bay State children out of poverty.

In a joint letter Friday led by Sens. Sherrod Brown of Ohio, Michael Bennet of Colorado, Cory Booker of New Jersey and Ron Wyden of Oregon, Markey and Warren pressed Biden to make the expansion permanent and spread out in monthly payments instead of once annually during tax season. The Internal Revenue Service already said it may not be able to pull off the monthly payments this year, with resources stretched thin amid stimulus disbursement and a tax filing deadline extended to May 17.


Read the full article here.

By:  Benjamin Kail
Source: Masslive