Biden Aims to Revive Monthly Child Tax Credit Payments In 2024 Budget Plan
At the beginning of March 2023, President Biden's proposed budget for 2024 includes a plan to renew and expand the child tax credit, a policy that has gained popularity and bipartisan support. The child tax credit expansion was introduced as part of the American Rescue Plan in 2021 and has been credited with providing critical financial support to families with dependent children during the COVID-19 pandemic. If the budget proposal passes, the current maximum credit of $2,000