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larry-kudlow-network-new_no_sponsor_final_sqaure

On Air Now

Larry Kudlow Show
Saturday 10AM-1PM
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larry-kudlow-network-new_no_sponsor_final_sqaure

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Goodbye ‘Godsend’: Expiration of Child Tax Credits Hits Home

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Hairdresser Chelsea Woody stands outside her car at a grocery store Tuesday, Jan. 11, 2022, in Charleston, W.Va. For the first time in half a year, families on Jan. 14, are going without a monthly deposit from the federal child tax credit. Woody, a single mother, relied on the check to help raise her young son. (AP Photo/John Raby)

CHARLESTON, W.Va. (AP) — For the first time in half a year, families today are going without a monthly deposit from the child tax credit. The program was intended to be part of President Joe Biden’s legacy but has instead become a flash point over who is worthy of government support.

The monthly tax credits started arriving thanks to Biden’s $1.9 trillion coronavirus relief package, and the president had proposed extending them for another full year as part of a separate measure focused on economic and social programs. But that bill is stalled in the Senate.

More than 36 million families received the payments in December.

“Copyright 2021 Red Apple Media. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.”

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