By Dave Basner
Apr 29, 2021
It's been over a month since the American Relief Plan was passed, sending a third stimulus check to eligible Americans, but many are still in dire straits financially, especially families. Well for millions, more money is on the way and after President Biden's address to a joint session of Congress on Wednesday night, stimulus checks could be sent monthly for the next four years.
During the speech, Biden presented his American Families Plan, which, if it comes to fruition, would greatly expand the federal child tax credit. Thanks to his American Relief Plan, that child tax credit has already been extended for one year, during which time eligible families can receive up to $3,600 per child in stimulus checks, but with the American Families Plan, that benefit would continue through 2025. The proposal is actually a compromise as many Democrats wanted the child tax credit to be made permanent, but Biden felt the cost of that would be would be too high.