Child tax credits of up to $300 per kid will start hitting parents’ bank accounts on July 15, President Joe Biden announced Monday.
Setting an initial payment date for the first time, Biden hailed the monthly cash payments as a new way to help lift millions of children out of poverty.
“Folks, this Child Tax Credit is a huge step towards a tax system that works for the middle class,” Biden tweeted on his official @potus account.
The payments are a result of the decision to raise the child tax credit to $3,600 or $3,000 from $2,000.
Most low-income…
