Understanding the debate around permanent CTC payments

Monthly payments could bring down poverty — or blow up the deficit

Money.
(Image credit: Illustrated | iStock)

Although the pandemic-era Child Tax Credit (CTC) payments to American families dried up earlier this year, passing a renewal of the program — and making it permanent — remains a top Democratic priority.

The program sent checks of $300 a month to most families for every child under the age of 6 and $250 a month for kids ages 6 through 17. Legislation to extend the program has stalled, CNBC reports, but there is "a growing list of of Democratic or affiliated legislators calling for reupping the credit." Until that happens, though, "families who are eager for more generous child tax credit checks will likely have to wait." Here are some ways those families could benefit — and why there's some skepticism about the proposal.

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Joel Mathis, The Week US

Joel Mathis is a writer with 30 years of newspaper and online journalism experience. His work also regularly appears in National Geographic and The Kansas City Star. His awards include best online commentary at the Online News Association and (twice) at the City and Regional Magazine Association.