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Reason
Reason
Politics
Peter Suderman

Bringing the Child Tax Credit Back to Life Is Too Costly

At the end of 2021, not quite a year into Joe Biden's presidency, something unusual happened: Congress actually allowed a massive government program to expire. That program was the expanded child tax credit, which had been enacted as a temporary program under the American Rescue Plan (ARP), a roughly $2 trillion spending package passed exclusively with Democratic votes in March 2021.

A year after the expansion expired, however, Democrats began looking for ways to bring it back. The cost of doing that would be very high.

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