Rosa delauro, U.S. Representative

Democratic leaders from the US House of Representatives will unveil legislation on Monday that would provide millions of families at least USD 3,000 per child, advancing a key provision in President Joe Biden's USD 1.9 trillion COVID-19 relief package.Richard Neal, Chairman of the Ways and Means Committee, who is leading the crafting of the legislation for the stimulus package, will introduce the enhanced Child Tax Credit bill, CNN reported citing a committee spokesperson."The pandemic is driving families deeper and deeper into poverty, and it's devastating. We are making the Child Tax Credit more generous, more accessible, and by paying it out monthly, this money is going to be the difference in a roof over someone's head or food on their table," Neal said in a statement.According to a copy of the 22-page bill obtained by CNN, the legislation would provide USD 3,600 per child under the age of six and USD 3,000 per child age six through 17 for a single year. The full benefit is available to single parents earning up to USD 75,000 annually and for couples earning up to USD 150,000. Payments would phase out after those thresholds.Families can receive the Child Tax Credit payments on a monthly basis, which advocates say will make it easier to pay their obligations compared to getting a lump sum at tax time.One of the big changes in the legislation is that the credit would become fully refundable for the year. Some 27 million children currently live in low-income families who receive a partial or no tax credit because they earn too little, according to the left-leng Center on Budget and Policy Priorities.Representatives Rosa DeLauro of Connecticut, Suzan DelBene of Washington and Ritchie Torres of New York are also set to introduce on Monday standalone legislation that would continue the expanded benefit permanently, CNN reported."We cannot stop here. We must use this moment to pass the American Family Act and permanently expand and improve the child tax credit. One year is not enough for the children and families battling not just the coronavirus, but poverty, too," said DeLauro in the statement.Biden's relief package, which he unveiled last month, called for augmenting the Child Tax Credit for one year to help fight against poverty, according to CNN.The US President's proposal also includes an expansion of the Earned Income Tax Credit to more low-income workers, along with USD 1,400 stimulus checks and increased unemployment, nutrition and housing aid, among other measures.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Rosa DelauroFOLLOW

Rosa delauro, Latest News

Politics :US House passes funding bills to avoid potential govt shutdown

Washington, July 30 The US House of Representatives has passed a package of seven appropriations bills to fund ... ...

International :US Civil society groups, lawmakers press Biden to support India's TRIPS waiver proposal on COVID-19 vaccines

Hundreds of civil society groups in the US, along with several progressive lawmakers, are keeping up the pressure on the Biden administration to support India's TRIPS waiver on COVID-19 vaccines, reported Inside US Trade - an online news service. ...

International :Democrats to unveil $3,000 child benefit

Washington, Feb 8 As part of US President Joe Biden's $1.9 trillion Covid-19 relief package, Democrats will on ... ...

International :House Democrats to introduce USD 3,000 child benefit legislation as part of Biden's relief package

Democratic leaders from the US House of Representatives will unveil legislation on Monday that would provide millions of families at least USD 3,000 per child, advancing a key provision in President Joe Biden's USD 1.9 trillion COVID-19 relief packag ...