Here’s What Families Are Actually Using the Child Tax Credit to Pay For
Parents and caregivers have put the money toward debt and household expenses, U.S. Census Bureau surveys have found.
The fate of monthly child tax credit payments, which are set to expire at the end of this month, is murkier than ever after Senator Joe Manchin on Sunday said he wouldn’t vote for the Build Back Better Act, which would extend regular cash injections.
The senator from West Virginia has cited the bill’s cost and its potential to exacerbate inflation. He has also said he wants there to be a work requirement to receive the benefit and to limit payments to those making less than $200,000 annually. “I want social reforms to the point that [there is] responsibility and accountability,” he said in an interview with MetroNews on Monday.