HomeStimulus CheckUpdated Stimulus Check: In 2022, Vice President Biden Is Dedicated to Providing...

Updated Stimulus Check: In 2022, Vice President Biden Is Dedicated to Providing This Stimulus Money

President Joe Biden held a news conference on Wednesday, January 19th, 2022, where he discussed a wide range of topics, including legislation he hopes Congress will adopt in 2022.

One sort of economic assistance was very high on the president’s priority list.

President Obama has been pleading with Congress for months to enact a bill based on Vice President Biden’s campaign pledges, known as “Build Back Better,” which he discussed at his news conference on Wednesday.

Vice President Joe Biden stated that “there are two pretty major components that I feel passionately about,” adding that “one is the childcare tax credit.” For the record, the enhanced Child Tax Credit was part of the coronavirus relief legislation that Vice President Biden signed into law shortly after entering office. It was enacted by Congress in March.

The American Rescue Plan Act permitted $1,400 stimulus payments for all qualified people and dependents, as well as an expanded Kid Tax Credit of $3,600 per child under the age of 6, and $3,000 for children between the ages of 6 and 17. The American Rescue Plan Act made it possible for the IRS to send monthly payments of $250 or $300 to Americans’ bank accounts from July to December of 2021, enabling them to receive half of the entire credit amount. The remaining credit will be available for claim starting with the 2021 tax year.

Build Back Better was the president’s plan to extend and increase the Child Tax Credit while also giving financial aid for community college tuition. His campaign slogan was “huge things,” which he alluded to as both the tax credit and community college proposal.

According to the press conference on Wednesday, Vice President Joe Biden admitted that he wasn’t sure whether either the Child Tax Credit or his community college proposal would be able to get into the Build Back Better Legislation.

The problem is that just 50 of the 100 senators in the United States Senate are Democrats. When Republicans use a procedural maneuver known as a filibuster to stall a bill, the measure needs 60 votes to pass the Senate. A method called reconciliation, which permits a bill to pass with 51 votes, gives Democrats a couple of ways around the filibuster. The 51st vote can be cast by Vice President Kamala Harris.

That means that any law Biden wants to pass would need at least 10 Republicans’ support or the unanimous support of all Democrats in the Senate to get through the Senate. Both Joe Manchin and Kyrsten Sinema, both centrist Democrats, have voiced concerns about the passage of Build Back Better.

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Even if Biden is passionate about providing financial relief to parents in 2022, neither parents nor any other Americans may receive any additional COVID relief payments this year.

Christine Bieber has more than a decade of experience writing on personal finance and the law. Major media publications such as MSN Money, CNBC, and USA Today have covered her work.


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