WASHINGTON – President Joe Biden noted that many parents will begin receiving checks in the mail this month under the new child tax credit, as he leveraged a strong report from jobs to argue that their economic policies are working.
As part of American Rescue Plan of $ 1.9 billion approved in March, the federal government will begin sending monthly checks to parents who qualify for the annual credit of $ 3,600 per child under age 6 and $ 3,000 for seniors. Biden said that a middle-class family with two young children can expect a $ 600 monthly check for the next 12 months.
The payments were part of a larger case that Biden presented on Friday to argue that his economic policies are working. Republicans have criticized the direct stimulus elements of their plan, saying that expanded unemployment benefits kept workers on the sidelines and that cash flow into the economy would lead to high inflation.
This story was first written by NBC News.
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