How Democrats could provide up to $300 monthly direct payments for families - Business Insider

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How Democrats could provide up to $300 monthly direct payments for families

President Biden speaks about the pandemic at the White House on on January 26, 2021 in Washington, DC.Democrats are drafting legislation to put the IRS in charge of sending monthly payments of up to $300 for millions of families, two Democratic sources familiar with the plan told Insider.

Biden supported an identical measure during the presidential race, and Democrats are expected to lobby heavily for it to be included in the stimulus package.Democrats in Congress are drafting legislation to provide millions of American families with up to $300 in monthly cash payments, two sources familiar with the matter confirmed to Insider. The proposal could potentially form part of Biden's federal rescue package, and Democrats are expected to lobby heavily for its inclusion.

The plan would make the child tax credit "fully refundable," Nick Martin, a spokesperson for Democratic Rep. Suzan DelBene of Washington, who is involved in the negotiations, told Insider.

 

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