Study: Child poverty rising after tax credit expires
Republican lawmakers are generally unified in opposition to the expanded tax credit — describing it as excessive, inflationary and a disincentive to work. But when it was originally passed, many Democrats openly declared their intention to make the payments a permanent anchor of the American social safety net.
The goal for the Democratic-held Congress was to keep the program running, and fight about its future months from now, armed with data and millions of anecdotes about the tax credit’s benefits.
Instead the 50-member Democratic bloc in the Senate collapsed from within, with West Virginia Sen. Joe Manchin holding out on his vote for weeks before finally refusing to endorse Biden’s social spending package. Manchin cited his opposition to the child tax credit’s massive price tag among his reservations with the bill.
Earlier this month, Manchin called negotiations on Biden’s Build Back Better bill “ dead.”
Democratic New Mexico Sen. Martin Heinrich, one of the expanded child tax credit’s strongest advocates, said Wednesday in a statement to The Associated Press that nearly all the children in his state benefited from the credit and that letting it expire was “a moral failure.”
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