President Biden said today that the monthly child tax credits that Americans began receiving this week will be among his administration's proudest accomplishments
President Joe Biden said Thursday that the monthly child tax credits that Americans began receiving this week will be among his administration's proudest accomplishments, touting the payments as a game changer for middle-class and working-class families.
In one of the largest tax cuts for families with children in recent history, the plan will cover around 39 million households, or 88 percent of the nation’s children, according to the White House. The new credits, Biden said, will include families that did not receive their full intended benefits from the American Rescue Plan that the president signed last March.
“Indeed, it is the largest middle-class tax cut in generations and will lift up half of our nation's children who are living in poverty, out of poverty,” Harris said. “In lifting up those children, and in lifting up the American family, it will lift up our entire nation.”
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