Manchin seeks child tax credit “we can afford”
“Sen. Joe Manchin (D-W.Va.) is telling colleagues the expanded child tax credit is both the most underpriced item — and biggest inflation-driver — in President Biden’s $1.75 trillion Build Back Better plan, people familiar with the matter tell Axios.
Why it matters: While Manchin’s concern over the CTC could trigger elimination of a program Democrats believe is crucial to address child poverty, it’s also an indication he’s engaging with the White House about how to reduce the plan’s price tag to a level he can support.”