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Democrats working on legislation to provide $3,000 payments per child amid pandemic

January 23, 2021. Summarized by summa-bot.

Compression ratio: 65.5%. 2 min read.

House Democrats are working on drafting legislation proposed by President Joe Biden that would direct the IRS to send recurring monthly payments to American families to expand the child tax credit, a source familiar with the matter confirmed to CNN.

(CNN)House Democrats are working on drafting legislation proposed by President Joe Biden that would direct the IRS to send recurring monthly payments to American families to expand the child tax credit, a source familiar with the matter confirmed to CNN.

In one draft of the proposal, the IRS would deposit checks worth $300 every month per child younger than 6 and $250 every month per child age 6 to 17.

The source also confirmed to CNN that House Ways and Means Committee Chair Richard Neal of Massachusetts is directly involved in the effort to write the expansion of the child tax credit, as well as House Appropriations Committee Chair Rosa DeLauro of Connecticut.

The drafting of the proposed legislation was first reported by The Washington Post.

Eligibility for the benefit, similar to the stimulus checks, would be based on family income for the prior tax year and be phased out at a certain income amount, the Post reported.

Under the draft legislation, families would be eligible for the full monthly benefits even if they owe more in taxes than the credit value, according to the newspaper.

Biden had previously said he wants to expand the child tax credit and last week he unveiled a $1. 9 trillion proposal that included the expanded benefits, along with $1,400 stimulus checks and increased unemployment aid.

CNN has reported that Biden's stimulus proposal already faces Republican objections, and Senate Democrats have been laying the groundwork to use a rare procedural tactic known as reconciliation to pass major parts of the package if Republicans stall their efforts.

The current child tax credit provides up to $2,000 per child under the age of 17.

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