On December 31, 2022, President Joe Biden sent out a tweet celebrating the accomplishments of his administration. In the tweet, he stated that the legislation that was signed is historic and will benefit working families and seniors by reducing costs, helping to prevent gun violence in communities, and creating jobs with good pay throughout the country.
The President also stated that “we’ve got more work to do,” which likely refers to unfulfilled priorities in the Build Back Better legislation that was proposed but did not pass, including the extension of the expanded Child Tax Credit.
This credit, which was a key campaign promise for President Biden and was included in the stimulus relief bill passed during the COVID-19 pandemic, offered parents generous assistance, including $3,600 per year for children under age 6 and $3,000 per year for children aged 6 to 17, according to the official website of The White House on April 28, 2022.
It remains to be seen whether this credit will be extended In 2023, as Republicans are taking control of Congress and may have different ideas about it.
However, based on the report from The Ascent on January 2, 2023, President Biden’s acknowledgement that more needs to be done to help families is an encouraging sign for those hoping for this type of stimulus aid. It remains to be seen what other measures the Biden administration will take to address the needs of families and individuals in the coming year.