WASHINGTON – Some 35 million American families have received 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.
Under the Child Tax Credit program that was broadened under Biden’s COVID-19 stimulus, eligible families collect an initial monthly payment of up to $300 for each child under six years old and up to $250 for each older child.
Payouts to families, covering nearly 60 million eligible children, totaled about $15 billion for July. The payments are automatic for many U.S. taxpayers. Others need to sign up.
Biden wants to extend expanded, mon…
Keep on reading: Biden sees U.S. child tax credit as ‘giant step’ to counter poverty