Biden 'not sure' enhanced child tax credit, free community college will stay in Build Back Better investinyou (In partnership with acorns.)
five-year extension of the enhanced child tax credit
, which was initially passed through the American Rescue Plan. The enhanced benefit increased the size of the credit and allowed families to get half of it in advance monthly checks, which ran from July to December and were up to $300 per child. Democrats had to slash parts of the original $3.5 trillion proposal to attempt to pass the bill through budget reconciliation, a sped-up process that would require all Democratic senators to support the legislation.
Eventually, the plan was cut down to a $1.75 trillion package that included a one-year extension of the child tax credit and expanded financial aid for college. It also included universal pre-K, would have expanded Medicare to cover hearing aids and broadened Medicaid coverage for low-income Americans.
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