Joe Biden announces plan to give parents up to $300 per month during coronavirus pandemic
JOE Biden has announced his plan to give parents up to $300 per month during the coronavirus pandemic.
The Democrat’s plan would increase the annual tax credit to $3,000 for children under 17, with an additional $600 for kids under the age of 6.
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The Child Tax Credit expansion would provide “thousands of dollars of tax relief for middle-class households,” Biden’s website states.
The plan would begin in 2021 and last “as long as economic conditions require.”
Americans have been eagerly awaiting news of when their second coronavirus stimulus checks will be sent.
Hopes are dwindling as House Speaker Nancy Pelosi says she’s unwilling to give any more ground to Republicans in the fight for another relief bill.
Speaking to reporters on Capitol Hill on Friday, Pelosi said she wasn’t going to budge on the Democrats’ $2.2trillion price tag for the stimulus bill.
The House Speaker said Democratic leaders have shown the White House that they’re willing to compromise on a bill.
House Democrats have lowered their previous stimulus ask by more than $1trillion, down from the $3.4trillion bill they approved in May.
But White House Chief of Staff Mark Meadows told reporters on Thursday that Pelosi asking for a $2.2trillion bill isn’t “a negotiation.”
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Congressional Democrats and Republicans have not been able to agree on another economic relief package that would benefit Americans who are suffering because of the pandemic.
At issue is a potential fifth coronavirus relief package that would extend supplemental jobless benefits to replace a $600-per-week COVID unemployment benefit that expired at the end of July.
It would also provide more than $100billion to help schools open, provide assistance to state and local governments, and put more money into a program that directly subsidizes business hit hardest by the pandemic.