India  

'I can breathe a little bit more.' Millions receive child tax credit

Video Credit: Reuters - Politics - Duration: 02:18s - Published
'I can breathe a little bit more.' Millions receive child tax credit

'I can breathe a little bit more.' Millions receive child tax credit

Some 35 million American families have started receiving their first monthly payout from the U.S. government in an expanded income-support program that President Joe Biden said on Thursday could help end child poverty.

Lisa Bernhard produced this report.

PRESIDENT JOE BIDEN: “I believe this is actually an historic day….” Calling it “one of the largest ever single tax cuts for families with children,” U.S. President Joe Biden on Thursday touted his administration’s expansion of the Child Tax Program – which kicked off Thursday with some 35 million American families receiving their first monthly payout from the U.S. government, aimed at reducing child poverty and the economic ravages of the health crisis.

“I think this will be one of the things the Vice President and I will be most proud of when our terms are up.

It’s a reflection of our belief that the people of this country who need a tax cut aren’t the folks at the top – they’ve got plenty of tax cuts, they’re doing just fine – but it’s the people in the middle.

The folks who are struggling, who are just looking for what my dad would say, a little bit of breathing room.” VICE PRESIDENT KAMALA HARRIS: “This tax cut will be issued in monthly payments.

This has never happened before [baby squeals].

[Harris, smiling in direction of baby] Yes, it is a big deal.” Eligible families collect an initial monthly payment of up to $300 for each child under six years old and up to $250 for children 6 through 17.

Single parents earning up to $75,000 and couples making up to $150,000 can receive the full credit.

Chantel Springer - a Starbucks shift supervisor who is studying biochemistry – told Reuters she will use her first $300 to help pay the rent on the Brooklyn apartment she shares with her mother and three-year-old son.

Jess Hudson, whose two children are 10 and 14, said the $500 she will receive monthly will cover most of the cost of after-school care for her 10-year-old while Hudson finishes earning her bachelor's degree in political science.

And Michelle Rodriguez said the money she will receive for her three boys will help her (quote) “breathe a little bit more.” Critics say the expanded credit is expensive and may discourage people from working.

But supporters say the funds may enable more parents to work by potentially helping them pay for child care.

The expansion – which is said to be the biggest anti-poverty push in American since the Johnson administration - expires at the end of this year.

Biden and other Democrats are pushing to extend it.




You Might Like


💡 newsR Knowledge: Other News Mentions

Joe Biden Joe Biden 46th president of the United States

Joe Biden says US will come to Taiwan’s defense if China attacks | Oneindia News [Video]

Joe Biden says US will come to Taiwan’s defense if China attacks | Oneindia News

US President Joe Biden in a recent interview said that the US would come to the defense of Taiwan if China attacks. Military tensions between Taiwan and China are at their worst in more than 40 years. #JoeBidenonTaiwan #ChinaTawian #USAtodefendTaiwan

Credit: Oneindia    Duration: 02:01Published

US will defend Taiwan if China attacks, says US President Joe Biden

The US will defend Taiwan if China attacked, Joe Biden has said in an apparent shift in long-standing policy.
Sky News
Joe Biden shares message on mental health during Covid-19 [Video]

Joe Biden shares message on mental health during Covid-19

During a CNN town hall in Baltimore, President Joe Biden gives advice on mental health during the coronavirus pandemic.

Credit: Bleacher Report AOL    Duration: 01:54Published
Biden: I think we are going to have to fundamentally alter the filibuster [Video]

Biden: I think we are going to have to fundamentally alter the filibuster

CNN’s Anderson Cooper asks President Joe Biden if he is open to fundamentally altering the filibuster.

Credit: Bleacher Report AOL    Duration: 03:23Published

Kamala Harris Kamala Harris 49th vice president of the United States

Kamala Harris: Powell broke barriers that were not easy to break [Video]

Kamala Harris: Powell broke barriers that were not easy to break

Vice President Kamala Harris speaks about the trailblazing career of Colin Powell, the first Black US secretary of state, who died from complications from Covid-19 according to his family.

Credit: Bleacher Report AOL    Duration: 01:07Published
Hear VP Harris' message in support for VA gubernatorial candidate [Video]

Hear VP Harris' message in support for VA gubernatorial candidate

Vice President Kamala Harris shared a video where she urged Democratic voters to back Virginia gubernatorial candidate Terry McAuliffe, who is running against Republican Glenn Youngkin, and one of his campaign’s most pressing concerns in the closing days before the election is apathy and fatigue among Democratic supporters. CNN’s Eva McKend reports.

Credit: Bleacher Report AOL    Duration: 03:23Published
Outrage after VP Harris fails to correct smear of Israel [Video]

Outrage after VP Harris fails to correct smear of Israel

Vice President Kamala Harris’ office is doing damage control following an exchange earlier this week between the vice president and a student who characterized Israel’s actions toward Palestinians as “an ethnic genocide and a displacement of people.” CNN’s Sunlen Serfaty reports.

Credit: Bleacher Report AOL    Duration: 03:13Published
Democratic congressman on Vice President Harris not yet visiting the border: 'Sometimes all you need to do is show up' [Video]

Democratic congressman on Vice President Harris not yet visiting the border: 'Sometimes all you need to do is show up'

Democratic Rep. Henry Cuellar, who represents a district along the US-Mexico border in Texas, tells CNN’s Pamela Brown that if Vice President Kamala Harris has been tasked with responding to challenges at the border, she should make a visit to the border to see the situation firsthand.

Credit: Bleacher Report AOL    Duration: 07:37Published
"The View" Covid scare ahead of VP interview [Video]

"The View" Covid scare ahead of VP interview

Two hosts of ‘The View’ tested positive for Covid - just ahead of a scheduled interview with Kamala Harris.

Credit: Bleacher Report AOL    Duration: 02:43Published

Related videos from verified sources

Mom of quadruplet toddlers and a 5-year-old stuns TikTok with a day in her life [Video]

Mom of quadruplet toddlers and a 5-year-old stuns TikTok with a day in her life

Dayna (@helloquadruplets) is a mom who shares heartwarming videos of her 5-year-old son and quadruplet toddlers on TikTok.Dayna recently shared a video that revealed just how much work goes into..

Credit: In The Know Wibbitz     Duration: 01:00Published
Guaranteed income:the 'social vaccine' for the 21st century? [Video]

Guaranteed income:the 'social vaccine' for the 21st century?

California passed a program to distribute monthly $1000 checks to residents, just as families of nearly 60 million children began receiving their first monthly federal child tax credit payments. Will..

Credit: Bleacher Report AOL     Duration: 03:32Published
Families to receive child tax credit checks [Video]

Families to receive child tax credit checks

More than half a million Coloradans woke up Thursday morning with extra money in their bank account or extra money on the way. It is the first of six monthly child tax credit payments from the IRS.

Credit: 7News - The Denver Channel     Duration: 03:04Published