AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
The child tax credit ends.
Tangle
Expanded Child Tax Credit Expires Next Month
Expanded child tax credit put in place this summer has just expired. Millions of parents who relied on the child tax credit extension this year are bracing for a possible stop in payments next month. The legislation that provided monthly checks that were going out to millions of parents, which democrats passed last year, lapsed. There is current no clear path forward for reinstating it. If democrats can revive the bill, it's possible they would issue a double payment in february to make up for the lost month. Some economists have argued the legislation will discourage low income people from seeking out work. Critics of the bill, including senator mansion and many republicans, have said it is
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode