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Key piece of Biden's $1.8T families plan expires after 2025

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www.clickorlando.com

WASHINGTON – President Joe Biden couldn’t get everything he wanted into his own $1.8 trillion families plan.

His proposed child tax credit is set to expire after 2025. It would provide parents with $300 a month for each child under 6 and $250 a month for older children.

Democratic lawmakers are pushing hard to make the credit a permanent policy, but the administration told them that the annual costs of roughly $100 billion were too high.

Biden is embracing a dramatic shift from four decades of politics in which presidents from both parties focused more on containing government than expanding it.

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