Stimulus Check Update: Is It Possible for the Enhanced Child Tax Credit to Return

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One typical type of stimulation test may be revived: Congress has stepped in to grant three much-needed and timely stimulus cheques to most eligible Americans throughout the two-year-long, economically debilitating coronavirus outbreak.

However, since the American Rescue Plan approved the most recent third direct stimulus payments last spring, the White House and Congress have done little except speak.

Americans are still navigating their way through the protracted health crisis and unrelenting high-inflationary pressures, which are wreaking havoc on the pocketbooks of ordinary, hardworking residents, despite Washington’s silence.

4th Stimulus Check (Unofficial)

However, there is some potentially good news on the way for many parents in the United States. According to NJ.com, the new plan offered by Sen. Mitt Romney (R-Utah) would essentially reinstate the expanded child tax credit, which was halted at the end of December and was perceived by many Americans as an unofficial form of a recurring fourth stimulus check.

“Many parents received up to $300 per child as part of the enhanced child tax credit of 2021 when they started getting stimulus cheques at the start of the coronavirus outbreak,” says the report.

“However, Congress has not pushed forward with approving further stimulus checks, and President Joe Biden’s idea to extend the child tax credit through 2022 was defeated in the Senate,” the report says.

stimulus checks & Child Tax Credit (1)
Stimulus Check Update: Is It Possible for the Enhanced Child Tax Credit to Return

Romney’s proposal, known as the Family Security Act, would provide $350 per child to eligible families with children under the age of five, and $250 per child to households with children aged five to seventeen.

“The measure would also allow expectant parents to start receiving compensation four months before their baby’s the due date,” according to NJ.com. There will also be income limitations, with “monthly payments for families maxing out at $1,250.”

Work Requirement Check Stimulus

Sen. Joe Manchin (D-WV), who effectively derailed the Build Back Better legislation that attempted to prolong the increased credits for another year, has pushed for a work requirement to be linked to the payouts, which has also been pushed by Sen. Joe Manchin (D-WV).

In a statement, Romney said, “American families are suffering more financial strain, exacerbated by the COVID-19 pandemic, and marriage and birth rates are at an all-time low.”

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“On top of that, our family assistance system has not been comprehensively overhauled in nearly three decades, and our shifting economy has left millions of families behind.” Now is the time to reaffirm our commitment to families by assisting them in overcoming the problems they confront as they undertake the most important task any of us will ever undertake: raising our society’s children. “By unifying the various intricate programs into a monthly cash benefit for them, my approach offers a route toward greater security for America’s families without adding to the budget,” he concluded.

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