How much would the extension of the Child Tax Credit proposed by Bernie Sanders be?

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Sunday’s vote on the Infrastructure Reduction Law (IRA) showed, once again, the differences between Bernie Sanders (I-VT) and the Democratic Party. Amendment after amendment, sanders stood only in support of the publicly popular measures that were included in Democratic Party platform in 2020, but rejected by caucus members.

Another Attempt to Pass the Enhanced Child Tax Credit

One of the amendments offered by Sanders would have extended the enhanced child tax credit through 2027. The extension applied to the structure of the enhanced child tax credit approved under the American Rescue Plan in 2021, that allowed the sending of monthly payments to families with children: $3,600 for children under six years of age and $3,000 for seniors. These values ​​apply to every child in the house..

In 2021, six payments were sent to households and child poverty rates were reduced by thirty percent.

With inflation rising in major sectors, including food, utilities and rent, poverty rates have skyrocketed to their previous state.

The traditional child tax credit has been reactivated, which means that far fewer families will be eligible as there is a minimum income. In addition, the amount will return to $2,000 for children under the age of sixteen and will no longer be fully refundable. The 2021 version that Sanders tried to see reimposed expanded eligibility on about twenty-four million children, which is why he was able to make such drastic cuts in the number of children living in poverty.

The Vermont Senator made it clear that he would always vote to support the bill. However, unlike other senators who refused to introduce or vote on an amendment they supported, Sanders did both..

What amendments did Senator Sanders introduce?

  • Extension of the child tax credit from 2021 to 2027
  • Establish a civilian climate corporation, similar to that of America Corp. and City Year.
  • Expand Medicare coverage to cover dental, hearing, and eye care
  • Establish caps for prescription drugs under Medicare Part D
  • Eliminates provisions that would create caps on royalties and fees for companies that lease offshore federal waters to extract oil and gas. role call It also reported that the amendment “would touch on the extension of an oxide carbon sequestration tax credit for some facilities, eliminate $150 million for the Department of Energy’s Office of Fossil Energy and Carbon Management.”

The extension of the child tax credit was one of five amendments introduced by Sanders during the “vote-a-branch” session, which took place over the weekend. During the approval of a reconciliation bill, which only needs fifty-one votes to pass, an unlimited number of amendments can be tabled, and a vote can be forced quite easily. Thirty-seven amendments were offered in all, five by Senator Sanders, one by Raphael Warnockand one from Mark Warner; only the third entered the bill.

Indigenous groups respond to the approval of the Inflation Reduction Law

Citing the careful negotiations that got the delicate package over the finish line, most Democratic senators refused to support any amendment that threatened to alter the content of the bill. On the climate front, some groups see the bill in agreement with Sanders and see it as a small step for action and a Significant win for fossil fuel companies. Although there are provisions for projects focused on environmental justice initiativesthe Declaration of the Indigenous Environmental Network noted that “the bill offers no criteria for what qualifies as an EJ provision.”

“As a result, there is no clear way to verify the amount of investment promised. Furthermore, a provision that does not have a positive impact may claim to have environmental justice priorities.

In addition, the organization found other aspects of the bill, describing them as “a wholesale investment in destructive climate false solutions designed to line the pockets of the fOssil fuel and power industries and cultivate the growth of extractive industries..”

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