Biden wants to increase child tax credit in 2024 budget proposal

President Joe Biden In his budget proposal for 2024, he suggested that the government increase the Child tax creditIt will be restored to the amount that recipients received in 2021.

Biden proposed to increase the credit from $2,000 to $3,000 per child, for children six years and older, and to $3.600 for those under six. These are the 2021 amounts due to the American Rescue Plan. Biden passed it in March 2021. A fact sheet From the White House, Thursday.

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“The Budget would also permanently reform the credit to make it fully refundable,” This fact sheet is available. “The President also calls on the Congress to make the Earned Income Tax Credit expansion for childless workers permanent, which would help pull low-paid workers out of poverty.”

Rosa DeLauro, a Democratic Representative from Connecticut, who advocated restoring the child tax credit at its full value, expressed her gratitude for Biden’s proposal to restore the credit.

“To ensure that families can make ends meet and deal with the rising cost of living, President Biden’s budget proposes to extend the expanded Child Tax Credit,” According to Make a statement DeLauro. “I have called for this since we improved the program in the American Rescue Plan and am grateful to have the support of Presi