The Expanded 2021 Child Tax Credit

The video discusses the expanded child tax credit for 2021, highlighting its benefits for families and the political debates surrounding it. The credit, increased under the American Rescue Plan, provides monthly payments to families with children. The video also covers the history of the child tax credit, its evolution, and the potential for making the current version permanent. Political perspectives, including opposition from some Republicans, are explored, along with the credit's impact on low-income families.

How much do young children under 6 receive monthly from the expanded child tax credit?

• $200

• $250

• $350

• $300

What was the amount of the child tax credit per child before the American Rescue Plan?

• $2500

• $1500

• $1000

• $2000

Which president signed the Taxpayer Relief Act that introduced the child tax credit?

• George W. Bush

• Bill Clinton

• Barack Obama

• Donald Trump

What is one of the main criticisms of the child tax credit according to some politicians?

• It is not enough to support families.

• It only benefits wealthy families.

• It discourages work and marriage.

• It is too complicated to understand.

Why do some Democrats want to make the current version of the child tax credit permanent?

• It is seen as a good investment in children.

• It simplifies tax filing.

• It benefits wealthy families.

• It reduces government spending.