By Josh Boak
The Treasury Department said Monday that 39 million families are set to receive monthly child payments beginning on July 15.
The payments are part of President Joe Biden's $1.9 trillion coronavirus relief package, which expanded the child tax credit for one year and made it possible to pre-pay the benefits on a monthly basis. Nearly 88% of children are set to receive the benefits without their parents needing to take any additional action.
“This tax cut sends a clear and powerful message to American workers, working families with children: Help is here,” Biden said in remarks at the White House.
Qualified families will receive a payment of up to $300 per month for each child under 6 and up to $250 per month for children between the ages of 6 and 17. The child tax credit was previously capped at $2,000 and only paid out to families with income tax obligations after they filed with the IRS.
But for this year, couples earning $150,000 or less can receive the full payments on the 15th of each month, in most cases by direct deposit. The benefits total $3,600 annually for children under 6 and $3,000 for those who are older. The IRS will determine eligibility based on the 2019 and 2020 tax years, but people will also be able to update their status through an online portal. The administration is also setting up another online portal for non-filers who might be eligible for the child tax credit.
The president has proposed an extension of the increased child tax credit through 2025 as part of his $1.8 trillion families plan. Outside analysts estimate that the payments could essentially halve child poverty. The expanded credits could cost roughly $100 billion a year.
Updated on May 17, 2021, at 2:06 p.m. ET with the latest details.
With less than two weeks until election day, a California Democrat, Harley Rouda, has gotten a $4.3 million boost from Michael Bloomberg in his bid to take down 30-year incumbent Republican Congressman Rohrabacher. Bloomberg's Independence USA PAC disclosed the spending last week, which went to advertising targeting the Republican. Rouda said Bloomberg's ad campaign will help bring the issue of climate change to the forefront of voters' minds in the coastal Orange County district.
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Los Angeles Mayor Eric Garcetti mulled a 2020 presidential run in an interview on Cheddar Monday, saying the cure to America's "odious" political sickness may be found in city hall. "I hope that even if I don't run, that mayors will think about jumping in," Garcetti said, "because I think we could cut through a lot of that partisanship right now."
Attending a Trump rally can be daunting for any self-proclaimed liberal ー even more so if your last name is Pelosi. But an experience with her political opposites left Alexandra Pelosi, the documentarian and youngest daughter of House Minority Leader Nancy Pelosi, feeling hopeful. "We all need to burst out of our own bubbles and see what the other people are thinking," Pelosi said Monday in an interview on Cheddar.
Gab, an online haven for white supremacists, neo-Nazis, and the alt-right, is facing an increasingly uncertain future. Over the weekend, Gab was linked to Robert Bowers, who is accused of open-firing in a Pittsburgh, Pa., synagogue, killing 11 people and wounding six others. Bowers had a verified account on Gab and used the social network to post hateful, anti-Semitic messages up until the morning of the shooting.
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After a week of political finger-pointing and frayed national nerves ahead of a major election, a Florida man is in custody on federal charges that he sent at least 13 live explosive devices to prominent former and current Democratic officials, a news organization, a Hollywood actor, and liberal donors.
Megyn Kelly's exit negotiations with NBC were underway on Friday, as the network announced that the third hour of valuable morning show real estate she anchored is canceled. "Essentially and effectively she is out," Tony Maglio, TV editor at TheWrap, said Friday in an interview with Cheddar. "It's just a matter of all the legalese and what she'll walk away with."
The multi-year Women in the Workplace report, produced by Sheryl Sandberg's Lean In organization with McKinsey & Company, reveals a stubborn problem of gender diversity in corporate America. As Rachel Thomas, the president of Lean In, explained to ChedHER on Friday, that companies are clearly interested in closing the gender gap ー but they haven't done enough to make it happen yet.
Federal authorities have arrested Cesar Sayoc, Jr. in connection with a dozen packages containing likely explosives. Sayoc has a Florida address and has a criminal record, according to the Broward County Sheriff.
Two additional suspicious packages sent to prominent Democrats were intercepted earlier Friday, only hours before the manhunt appeared to close in on a suspect for the attempted mail bombings now being described as a domestic terrorism.
