President Joe Biden and Vice President Kamala Harris mark the first of monthly Child Tax Credit relief payments, thanks to the American Rescue Plan.
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President Joe Biden plans to extend the Child Tax Credit expansion — a part of the American Rescue Plan signed into law in March — past its December expiration, senior administration officials said Wednesday.
"The goal of this is not just to be one year. I think that people have somewhat different legislative strategies but I think that every advocate has the same goal: that we want this to be ultimately permanent," a senior administration official said during a press call. "There's no disagreement on that the ultimate goal is for this to go on indefinitely."
Biden's initial plan is to extend the credit for four years as a means of making it permanent, officials said.
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