Child Tax Credit: Millions of parents could soon get up to $3,600 per child
“The $1.9 trillion American Rescue Plan, signed into law by President Joe Biden on Thursday, is aimed at shoring up the pandemic-stricken economy through fiscal measures like expanded unemployment aid and direct stimulus checks. But the legislation also includes a relatively novel measure that offers a form of guaranteed income to parents of children under 18, or what one expert calls “a baby step toward universal basic income.”