Biden’s Child Tax Credit Plan Backed by House Democrats

House Democrats are seeking to extend the recently expanded child tax credit through 2025, endorsing a key component of President Joe Biden’s social safety net plan.

The language is included in bill text released late Friday by the House Ways and Means Committee, which will continue debating its portion of Biden’s $3.5 trillion economic agenda next week.

The committee’s expansive proposal would also extend energy credits and allow the government to negotiate prices with drugmakers, among other changes.

The pandemic relief law passed in March temporarily boosted the credit for children under six to $3,600, and $3,000 for older children. ...