We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
NEW YORK DAWN™NEW YORK DAWN™NEW YORK DAWN™
Notification Show More
Font ResizerAa
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Reading: The Policy Debate at the Heart of the Biden-Manchin Standoff
Share
Font ResizerAa
NEW YORK DAWN™NEW YORK DAWN™
Search
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Follow US
NEW YORK DAWN™ > Blog > Politics > The Policy Debate at the Heart of the Biden-Manchin Standoff
The Policy Debate at the Heart of the Biden-Manchin Standoff
Politics

The Policy Debate at the Heart of the Biden-Manchin Standoff

Last updated: December 22, 2021 2:51 am
Editorial Board Published December 22, 2021
Share
SHARE
merlin 199237680 a6684912 2af4 4237 9799 1460d528e280 facebookJumbo

On the call, which lasted 90 minutes, Senator Chuck Schumer of New York, the majority leader, told Democrats that he planned to press forward with votes next year, saying, “We won’t stop working on it until we pass a bill,” according to one official.

Congress expanded the scope of the child tax credit through the end of the year as part of the $1.9 trillion pandemic relief law, which cleared Congress with just Democratic votes, including Mr. Manchin’s. Democrats hope to extend it and ultimately make it permanent.

The credit, first established in the late 1990s, was increased to cover more families and restructured to allow direct monthly payments this year of up to $250 a child, or $300 for a child under 6. It also became fully refundable, meaning families did not need to provide proof of income or owe federal income tax to receive the payment.

Of the country’s 74 million children, nearly nine in 10 qualified, and the expanded eligibility for families at the low end of the income scale significantly reduced child poverty.

In an October Census Bureau report that tracked how about 300,000 recipients spent their first three payments this summer, researchers found that about half of families spent part of the money on food. Other families said they used the money to help pay their rent, mortgage, utilities, child care and school expenses.

Under the version of the domestic policy bill passed by the House, the program would be extended by another year. Without an extension of the expanded program, the size of the credit will fall substantially, especially for low-income families. And it will revert to being paid in a once-a-year lump sum connected to filing a tax return rather than half of it distributed monthly.

As Democrats hailed the payments hitting their constituents’ bank accounts this year, Mr. Manchin balked at the cost of the one-year extension, arguing that it was misleading given that there were ambitions to make it permanent, a step that would cost about an additional $1.5 trillion over a decade, according to the Congressional Budget Office.

You Might Also Like

New paperwork in Adams corruption case element widening probe as Trump dismissal loomed

Newark Mayor Ras Baraka arrested outdoors ICE detention heart

Trump abruptly fires Librarian of Congress Carla Hayden through e mail

Adams weighs turning Kingsbridge Armory into semiconductor plant amid Trump commerce conflict

New York Republicans cut up over demand for larger SALT deduction

TAGGED:The Washington Mail
Share This Article
Facebook Twitter Email Print

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Popular News
Researchers warn of ‘catastrophic overtraining’ in Massive Language Fashions
Technology

Researchers warn of ‘catastrophic overtraining’ in Massive Language Fashions

Editorial Board March 28, 2025
Why ‘One Love’s’ Lashana Lynch felt proper at residence with Rita Marley
Federal Reserve chief says Trump tariffs more likely to increase inflation and gradual US financial development
The Best Thanksgiving Movies to Watch This Holiday
Can These Evangelicals Save Their Movement?

You Might Also Like

Trump flip-flops on millionaire tax hike amid GOP finances feud
Politics

Trump flip-flops on millionaire tax hike amid GOP finances feud

May 9, 2025
Mayor Adams to fulfill with Trump to debate ‘NYC priorities’
Politics

Mayor Adams to fulfill with Trump to debate ‘NYC priorities’

May 9, 2025
Melania Trump hardly ever visits the White Home: report
Politics

Melania Trump hardly ever visits the White Home: report

May 9, 2025
As much as 1,000 transgender troops are being moved out of the navy in new Pentagon order
Politics

As much as 1,000 transgender troops are being moved out of the navy in new Pentagon order

May 9, 2025

Categories

  • Health
  • Sports
  • Politics
  • Entertainment
  • Technology
  • World
  • Art

About US

New York Dawn is a proud and integral publication of the Enspirers News Group, embodying the values of journalistic integrity and excellence.
Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Term of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 New York Dawn. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?