Why Didn’t the Ctc Get Included in the Omnibus Spending Bill for 2023?
The Democrats in the United States managed to get their $1.7 trillion Omnibus Spending Bill past the Senate with only three days left before the House was set to begin debating it, just in time for the upcoming winter closure of Congress on Friday.
The American Rescue Plan included an increase in the Child Tax Credit for 2021 and 2022, which helped bring the poverty rate among children down from 9.7 percent before the plan was adopted to 5.2 percent by the end of that year.
With high expectations,
It was a primary objective for Democrats to negotiate an extension through 2023, but they were met with a resounding “no” by Republicans, so the measure wasn’t included in the massive 4,155-page bill that ultimately passed the Senate.
“Republican leaders decided to deliver a lump of coal to America’s children this year,” remarked Colorado Senator Michael Bennet.
As a nation, we know that expanding the Child Tax Credit is the single most effective policy change Congress can make for the children of the United States. In 2021, when Congress finally acted on this issue, we were able to halve the rate of child poverty in the United States.
Republican leaders in Washington have been stonewalling for weeks on an agreement that would help American students and businesses.
The next year will be considerably difficult for American families since they were not present at the negotiating table.
In 2023, what is the amount of the child tax credit?
There are concerns that the nearly 50 percent drop in child poverty, as a result of the migration and the country’s ongoing recovery from the pandemic, is merely a temporary blip.
The American Reinvestment and Recovery Act raised the Child Tax Credit from $2,000 to $3,000 for children over the age of six, and from $3,600 to $4,050 for children under the age of six.
However, beginning in 2023, the Child Tax Credit will once again be a flat $2,000 per child, regardless of age.