President Biden feels strongly about giving this stimulus money in 2022
President Biden feels strongly about giving this stimulus money in 2022

President Biden feels strongly about giving this stimulus money in 2022

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President Biden is pushing hard for this further stimulus relief in 2022.

Key points

  • President Joe Biden spoke at a news conference Wednesday.
  • The President commented on his efforts to adopt his proposed Build Back Better Plan.
  • He indicated that he feels strongly about giving a certain type of stimulus relief.

On Wednesday, January 19, 2022, President Joe Biden spoke at a press conference on a wide range of topics – including legislation he would like to see passed by Congress in 2022.

There was one particular type of stimulus relief that the president made clear was high on his list of priorities.

The bite “feels strong” around this kind of stimulus money

At his Wednesday press conference, Biden spoke about Build Back Better, a large-scale legislation based on his campaign promises that the president has been hoping to get Congress to pass for several months.

Biden indicated that there are “two really big components that I feel strongly about,” and went on to explain that “one is the child care tax deduction.” The credit he refers to is the extended Child Tax Credit, which passed Congress in March as part of the corona legislation that Biden signed into law early after joining.

This relief law, called the American Rescue Plan Act, approved $ 1,400 stimulus check for all eligible adults and relatives and provided additional relief to parents in the form of an improved Child Tax Credit worth $ 3,600 per child. child under 6 and $ 3,000 for children ages 6 to 17. The American Rescue Plan Act facilitated the delivery of half the total amount. credit amount by having the IRS make payments of $ 250 or $ 300 per credit. month to Americans bank accounts from July to December 2021. The rest of the credit may be required upon filing 2021 taxes.

The president wanted to renew the expanded Child Tax Credit in Build Back Better, as well as perform a number of other tasks, including providing grants for community college education. He referred to both the tax deduction and the community college plan as “massive things” for which he campaigned.

Will parents see more stimulus money in 2022?

Although Biden indicated that he was strongly interested in offering stimulus relief to parents in the form of the extended child tax deduction, he also admitted at Wednesday’s press conference that he was not sure he would be able to get an extension of the credit. or his community college plan in Build Back Better Legislation.

The problem is that there are only 50 Democrats in the U.S. Senate out of 100 total senators. Republicans are able to block most of the legislation through a procedural move called a filibuster, which requires 60 votes to overcome the filibuster and move the bill forward. But Democrats have a few options to get around the filibuster using a process called reconciliation, which allows a bill to pass by 51 votes. Vice President Kamala Harris can serve as the 51st vote.

That would mean that any bill Biden wanted to pass would need either the support of at least 10 Republicans or would need the unanimous support of all Democrats in the Senate. Republicans will not vote for Build Back Better, and two moderate Democrats – Joe Manchin and Kyrsten Sinema – have expressed reservations about passing Build Back Better.

Unfortunately, this means that despite Biden feeling strongly about the financial emergency assistance to parents that he hoped to provide in 2022, there is a very real chance that neither parents nor other Americans will see any new COVID assistance control at all. this year.

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