Biden Administration and Washington News: Live Updates
The Biden administration will begin paying hundreds of dollars per month to millions of American families in July as it rolls out a refundable child tax credit that was created as part of the economic relief legislation Congress passed in March.
Democrats view the tax credit as central to their efforts to reduce poverty and income inequality in the United States. The program is expected to provide additional funds to 39 million households, and the Biden administration projects that it will lift five million children out of poverty this year.
Speaking at the White House on Monday, President Biden hailed the…