Stimulus checks for families: Parents will no longer get monthly child tax payments unless Build Back Together bill passes

Monthly payments from the expanded child tax credit began on July 15 and ended on Dec. 15.
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The monthly expanded child tax credit ended last month after beginning in mid-July, part of the American Rescue Plan signed into effect in March 2021.

The expanded child tax credit was worth up to $3,600 per eligible child under the age of 6. Families received $300 monthly payments per eligible child from July-December. For families with children aged 6-17, they were eligible up to $3,000 or $250 monthly payments. The remaining amounts can be claimed when parents file their 2021 taxes.

Now the credit will return to what it was before 2021. Parents received an annual tax credit worth up to $2,000 per qualifying child under the age of 17. This is unless the Democrats can push through a new bill extending the child tax credit through 2022.

The House Democrats recently pushed through the Build Back Together act, which is President Joe Biden’s Biden’s $1.75 trillion plan.

According to the White House, “This framework will set the United States on course to meet its climate goals, create millions of good-paying jobs, enable more Americans to join and remain in the labor force, and grow our economy from the bottom up and the middle out.”

The act would extend the child tax credit through 2022. Though, Sen. Joe Manchin, D-W.V, rejected the bill due to inflation concerns. All 50 Democrats are needed for the bill to go through in the Senate.

According to reports and studies, the expanded child tax credit helped against child poverty as well as child hunger. Experts fear without the expanded child tax credit’s continuation, its impact would be reversed.

Though House Speaker Nancy Pelosi said she has spoken with Manchin over time, and there’s still hope to get the bill through Congress, CBS reports.

“I do think there’s an agreement to be reached,” Pelosi said. “It’s so important for our country.”

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