David Merage is chairman and CEO of Consolidated Investment Group and co-founder of the David & Laura Merage Foundation. President Biden should have made the expansion of the enhanced child tax credits permanent, like the House Democrats proposed in their own Building an Economy for Families Plan. Child tax credits give households earning less than $150,000, payments of $3,600 per year for children under six and $3,000 per year for children aged between six and 18. Making these tax credits permanent is a part of President Biden's plan that both Republicans and Democrats alike should be able to agree on. By reducing childhood poverty and supporting the middle class, we take a big step toward greater economic prosperity for all.

Source: CNN May 12, 2021 13:44 UTC