Good Morning America
Parents brace for more limited Child Tax Credit in Democratic dealmaking
Brihanna Sims, a 27-year-old school bus driver and mother of a 7-year-old daughter, faces a financial pinch each summer when the number of routes are scaled back. Although she received the Child Tax Credit before this year, the regular monthly payments and larger sum from the expanded Child Tax Credit became a “safety blanket” for Sims and her daughter, Addilynn, Sims said. Under a provision in the American Rescue Plan, 39 million families are now eligible for the expanded Child Tax Credit, according to the IRS, but the current program is set to lapse at the end of the year.