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By Joseph Zeballos-Roig
Business Insider
September 11, 2021
 
House Democrats are pressing to renew the revamped child tax credit through 2025, potentially setting up a clash with their Senate counterparts who are eyeing a shorter extension in the $3.5 trillion social spending plan.

The Democratic plan from the House Ways and Means Committee, released on Friday night, aligns with the proposal that President Joe Biden unveiled in the spring: It would maintain the bulked-up benefit for another four years and lock in the credit's ability to be issued as monthly payments to the vast majority of American families.


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