Stimulus Check 2022: $300 Per Month Child Tax Credit Extension Fails in Senate Voting

American families need more immediate relief similar to stimulus check, as argued by Senator Bernie Sanders, who pushes for the inclusion of a Child Tax Credit extension in the Inflation Reduction Act.

The American Rescue Plan (ARP) was passed by Democrats in March 2021 through the budget reconciliation process, with increased payments for the Child Tax Credit to $3,600 for qualified children under six years old.

According to Newsweek, children between the ages of six and 17 received $3,000. The ARP also altered how qualified recipients would receive the benefits. Instead of receiving it in sum, millions of beneficiaries received half their estimated credit in monthly payments of $300 and $250 for each child under six.

The child tax benefits, which many likened to the stimulus checks released by the federal government at the height of the COVID pandemic, expired at the end of last year.

The independent senator earlier vowed to renew the payment scheme, saying he will be introducing an amendment to expand the $300 a month Child Tax Credit for the next five years.

Sanders promised to do this by "restoring the top corporate tax rate from 21% to 28%." However, Sander's efforts failed after being shot down 97 to one early Sunday morning. Most Democrats rejected the plan the party once promoted to significantly decrease child poverty.

Child Tax Credit Shot Down

The New York Post reported that the Democrats could not pass the measure as they were aiming at "pushing through the full bill," which was later passed through a 51-50 vote, with a tie-break count from Vice President Kamala Harris.

Colorado Senator Michael Bennet argued that voting with the independent senator could "lose the underlying bill." Bennet was among the senators who advocated putting the tax credit back in place.

However, he backed out from supporting the bill as they said it "threatened the passage of Inflation Reduction Act." Other amendments that Bernie Sanders also introduced were rejected, such as expanding the bill's number of prescription drugs for price negotiation for the elderly.

Stimulus Check 2022

Several states have announced the distribution of their own versions of stimulus checks to cushion the effects of the rising inflation rate.

California announced that millions of its residents will be given inflation relief checks. As reported by CNET, married couples with children are scheduled to receive as much as $1,050.

The budget for the state's inflation relief checks will be coming from California's budget surplus worth $97 billion. The first payments will be released as soon as October that will be put as direct deposits or deposited onto debit cards.

Single taxpayers earning less than $75,000 will be given $350. The same amount goes to couples who file jointly and make less than $150,000 a year.

Meanwhile, single filers for the state of Colorado will receive a check worth $750 by September 30, while joint filers will get $1,500.

Florida will also send a one-time inflation payment worth $450 per child. Governor Ron DeSantis announced that it would benefit around 60,000 Florida households.

This article is owned by Latin Post.

Written by: Mary Webber

WATCH: New Study Shows Impact Of Child Tax Credit Payments For Families - From NBC News