A FOURTH federal stimulus plan may not be on the horizon in 2022. Child tax credit also won’t be sent to parents in January because Congress hasn’t passed the bill.
However, there is still hope for some families. White House press secretary Jen Psaki said the Biden administration is working on a bill that could restore payments if passed.
“If we get it done in January, we’ll talk to Treasury officials and others about double payments in February as an option,” she said.
If a family has since had another dependent, some of them may receive additional money.
Still, any new stimulus plan will face multiple challenges in the 2022 midterm elections.
Members of both parties may not show support for the president and his administration as doing so would not be beneficial to their campaigns.
West Virginia Senator Joe Manchin has vehemently opposed the plan. “If we keep sending checks, it will be difficult to stop the checks,” he said at a Wall Street Journal event.
The Biden administration still needs votes, like Manchin’s, to approve the plan, so as it stands it’s unclear where the future lies.
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“It will take time to finalize these agreements, prepare the legislative changes and complete all the parliamentary and procedural steps necessary to allow a vote in the Senate,” President Joe Biden said.