As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by TheHill.com:
Speaker Nancy Pelosi (D-Calif.) on Wednesday declined to entertain the possibility of Congress passing a standalone extension of the child tax credit if it isn’t extended through the social spending package before the end of the month.
Pelosi said the current expiration of the child tax credit slated for the end of December is “really important leverage” to keep pressure on senators to pass the Build Back Better (BBB) Act, President Biden’s social spending and climate package.
The article goes on to state the following:
The social spending package as passed by the House last month would extend the child tax credit, which was expanded under Democrats’ COVID-19 relief package, for one year.
Pelosi rejects calls to pass stand-alone child tax credit since expansion is set to expire at year’s end. She said CTC is “important leverage” on BBB, and says she doesn’t want to “let anyone off the hook.” Yet Manchin has made clear to Biden he has concerns w CTC, per sources
— Manu Raju (@mkraju) December 15, 2021
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To get more information about this article, please visit TheHill.com.