Biden’s child tax credit pays big in Republican states, popular with voters (Reuters)

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    Biden’s child tax credit pays big in Republican states, popular with voters – By Jason Lange and Chris Kahn (Reuters) / Sept 15 2021

    WASHINGTON (Reuters) -A one-year expansion of the U.S. child tax credit, a policy championed by President Joe Biden and his fellow Democrats over Republican opposition, has disproportionately benefited states that voted for former President Donald Trump in 2020, a Reuters review of Treasury Department data has found.

    Congressional Democrats are now seeking to extend the expansion for four additional years as part of $3.5 trillion social spending legislation opposed by Trump’s fellow Republicans. The one-year expansion – part of COVID-19 pandemic relief legislation https://www.reuters.com/article/us-health-coronavirus-usa-congress/bidens-1-9-trillion-covid-19-bill-wins-final-approval-in-house-idUSKBN2B215E signed by Biden in March, is expected to funnel $105 billion to American families, many still hurting from the economic effects of the public health crisis.

    The current expanded tax credit has proven popular, a Reuters/Ipsos poll found, supported by 59% of U.S. adults including 75% of people who identified themselves as Democrats and 41% of people who identified as Republicans. The poll was conducted online Sept. 9-10, based on responses from 1,003 adults and with a credibility interval of 4 percentage points.

    The policy’s support among Republicans far outstripped their 11% backing for Biden’s overall job performance in a separate Reuters/Ipsos poll.

    CONTINUE > https://www.yahoo.com/finance/news/bidens-child-tax-credit-pays-100620665.html

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