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.
Why do we pretend Supreme Court Justices aren't political appointees? Why are they still given lifetime appointments? John Iadarola, co-host of The Young Turks, and Nick Givas, reporter for the Daily Caller, looked at the court landscape after one of the most partisan confirmation battles in history.
These are the headlines you Need 2 Know.
The Maine Republican, a key swing vote in Brett Kavanaugh's Supreme Court confirmation process, said she would support the nominee in the final vote expected Saturday. Collins, along with Sen. Jeff Flake (R-AZ) who indicated he too would vote along party lines, could be the deciding factors that give Kavanaugh the votes he needs.
Sharyn Tejani, director of the Time's Up Legal Defense Fund, which represents victims of sexual harassment, said the effort in the year since Harvey Weinstein's accusers came forward is unprecedented. "If you had told me at any point in that time that we would have an organization like this one that's focused on low-wage workers and focused on sexual harassment, I would have told you that's simply impossible," she said.
The California Congresswoman sponsored a bill along with Sen. Kirsten Gillibrand shortly after the dawn of the #MeToo and Time's Up movements. While some steps have been enacted in the House, Speier says there's been little movement in the Senate. When you watch the Brett Kavanaugh hearings, she said, "you can understand why we're still negotiating on the Senate side."
The Senate had a procedural vote on Friday morning on the Supreme Court nominee and everyone voted along party lines, except two key Senators. Joe Manchin, a Democrat from West Virginia voted 'Yes' while Republican Lisa Murkowski of Alaska voted 'No.' That sets up a final vote to confirm Kavanaugh's nomination as early as Saturday.
These are the headlines you Need 2 Know.
These are the headlines you Need 2 Know.
The FBI's investigation into Prof. Christine Blasey Ford's allegations against Brett Kavanaugh has been completed, reportedly without any major bombshells. And while there is still no real indication on how big swing votes will decide, Reason's Eric Boehm says chances are the Supreme Court nominee will get confirmed. "But I don't think it's a done deal yet," he said.
The actress's mother, Leslie Cockburn, is an award-winning journalist who is turning her focus to the people of Virginia's fifth district. Wilde is hosting a rally at UVA with her fiancé Jason Sudeikis on Oct. 14.
