Dems are financially bankrupting the US economy with free ride of all sorts. As Democratic lawmakers on Capitol Hill work to bring their new reconciliation bill across the finish line, a proposal to keep the expanded child tax credit could be changed.
A more generous child tax credit was authorized earlier this year by President Joe Biden and Congress to help give families additional financial relief in the wake of the Covid-19 pandemic. It has provided millions of families with direct monthly payments of up to $300 per child that started in July. But the more generous child tax credit — representing total sums of up to $3,600 per child — is only in place for this year. House Democrats unveiled their proposal last week to keep the expanded credit in place through 2025. This would clearly cause financial hardship on the national budget.