Pelosi Minimizes Chances Of Autonomous Extension Of Child Tax Credit
Speaker Nancy PelosiNancy Pelosi House Democrats Pass Anti-Islamophobia Bill In Favor Of Omar On The Money – Presented By Citi – Democrats Raise Debt Ceiling For Biden Man Who Threatened Pelosi Sentenced To Over Two Years from prison MORE (D-Calif.) Declined on Wednesday to consider the possibility of Congress passing a stand-alone extension of the child tax credit if it is not extended through the social spending program by the end of the month.
Pelosi said the current expiry of the child tax credit slated for late December is “really important leverage” to keep pressure on senators to pass the Build Back Better (BBB) ââlaw, President BidenJoe BidenHouse approves bill to increase debt limit.the social spending and climate package.
The social spending program as passed by the House last month would extend the child tax credit for one year, which was extended as part of Democrats’ COVID-19 relief program.
âI don’t want to let anyone off the hook on the BBB to say, ‘Well we’ve covered this thing, so now the pressure’s off,'” Pelosi told reporters at a press conference on Capitol Hill. .
âI think this is a really important leverage in the discussion about BBB, that children and their families will suffer without this payment. Not everyone gets it on a monthly basis, but those who need it most have it. font, âPelosi said.
Majority Leader in the Senate Charles schumerChuck Schumer Meet Washington’s Most Ineffective Senator: Joe Manchin Conclusion Trump struggles to erase GOP ground in North Carolina Senate race MORE (DN.Y.) aimed for the upper house to pass the social spending program by Christmas, but that deadline could slip due to continued resistance from centrist Sen. Joe manchinJoe Manchin Biden and Harris warn of threats to voting rights at DNC ââEquilibrium / Sustainability event – Arctic city is heating up, Antarctic sea ice is fading Manchin, Sanders will oppose candidate Biden to the FDA, Califf PLUS (DW.Va.) as well as ongoing reviews by the parliamentarian to ensure that legislation complies with fiscal rules.
Schumer notably did not mention his goal of passing the legislation by Christmas during remarks in the Senate Wednesday morning, saying only that “this week Democrats also continue to work to ensure that the Senate is in a position where we can. vote on the President’s Build Back Better legislation. “
The Treasury Department and the IRS made their last monthly child tax credit payments under the COVID-19 relief act on Wednesday. Payments are estimated to have reached around 61 million children.
Since July, eligible families have received monthly payments of up to $ 300 for each child under 6 and up to $ 250 for each child aged 6 to 17. The IRS has told members of Congress that an extension of the child tax credit should be passed by December 28 so that a monthly payment is made on January 15.
Pelosi said it’s possible that people who have received the monthly child tax credit payments in recent months could still get it retroactively in January if Congress acts quickly enough.
“We’re still optimistic that the BBB will move on. And maybe even if it was after the first of the year – which I hope it isn’t – it could be retroactive if it is. early enough, âPelosi said.
Even if House Democrats wanted to pass a stand-alone extension of the child tax credit, it’s not clear that it could become law given that it could face GOP obstruction in the Senate.
Democrats have only passed the expanded child tax credit – and are trying to do it again with the social spending program – using the budget reconciliation process that allows them to bypass a Senate obstruction.
âOf course we could pass it in the House. It remains to be seen if we could pass it in the Senate,â Pelosi said.