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Democrats Make Politically Risky Bet on Monthly Child Tax Credit

July 10, 2021, 12:15 PM

Democratic lawmakers are betting that an expanded child tax credit, paid out monthly for the first time, will prove to be a successful campaign message in the 2022 midterm elections, but the policy also has political risks that could alienate some taxpayers.

Starting July 15 and going through year-end, parents will begin receiving monthly direct deposits or checks for as much as $300 per child. The move was part of President Joe Biden’s $1.9 trillion pandemic-relief bill from March.

The shift to monthly payments -- rather than a lump sum distributed after tax deadlines next spring -- is designed ...

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