President Joe Biden on Wednesday reiterated his position that the child tax credit should be extended, but this time signaling openness to the possibility that he might support an extension beyond the additional four years that his American Families Plan calls for. “Let’s extend the tax cut at least through 2025,” Biden said, speaking at McHenry County College in Crystal Lake, Illinois, near Chicago, in what may be seen as a shift toward the position held by congressional Democrats who have called for the child tax credit to be made permanent. Biden’s American Families Plan calls for a four-year extension of the child tax credit, which offers $3,000 for each child aged 6 to 17 and $3,600 per child under 6 to eligible families. It will be paid out in two parts, with the first half disbursed in monthly installments of $250 or $300, depending on the age of the …
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