Families Face ‘Devastating’ Hit as Monthly Child Tax Credit Ends

Jan. 14, 2022, 7:13 PM

Millions of American families on Friday are going without a monthly benefit introduced by the Biden administration last year that many came to depend on amid a surge in the cost of living and the continued spread of Covid-19.

It’s the first in what could be a series of missed payments unless Democrats can make headway on legislation carrying President Joe Biden’s signature economic proposals that’s now stalled in Congress.

The expanded child tax credit -- worth up to $300 per child per month -- saw its last monthly payout in December, despite Democrats’ pledges that they would be ...

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