Millions of American families will begin to receive monthly cash payments Thursday as part of the $1.9 trillion coronavirus relief package that President Joe Biden signed into law in March.
The payments are an expansion of the Child Tax Credit, and will continue for a year before requiring congressional renewal. As many as 90% of American families are eligible to receive hundreds of dollars a month for each child they have, and some experts believe that the policy could ultimately cut child poverty in half.
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