The Biden-Harris plan for COVID-19 relief contains a lot of good stuff tucked into it, like this: a child tax credit expansion that would lift millions of children out of poverty. The plan not only increases the amount of the tax credit, it ensures more families are able to get its full benefits.
There are currently 27 million kids whose families lose out on part of the child tax credit because their families don’t earn enough. Because their income taxes are lower than the amount they’d otherwise qualify for and the child credit is only partially refundable, they just … lose out. The Biden-Harris plan would get the money to the families who need it most (and the ones who need it less) in addition to raising it to $3,600 for children under 6 and $3,000 for children 6 to 17.