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The Journal.

Why This Week's Child-Tax-Credit Checks Aren't Coming

The Journal.

The Wall Street Journal

Business News, Daily News, News

4.25.8K Ratings

🗓️ 13 January 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

Democrats gambled that their expanded child tax credit would be so popular, Congress wouldn't let it lapse. It just lapsed. WSJ's Richard Rubin explains why the monthly checks for parents are ending, and dad Jamie Herrington discusses what it means for his family. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Jamie Harrington is 39. He's a lab tech at an industrial materials company and lives in

0:11.1

Lebanon, Oregon with his wife Stevie and their daughter Lily. She's four. What is Lily

0:17.0

into?

0:18.0

Gosh, everything, everything that I'm doing essentially. She's got my little shadow that follows me around.

0:24.0

She gets to teach her. She's always asking questions. She actually makes up her own songs

0:27.7

right now and it's amazing. Like, she always be sitting there and all of a sudden she'll

0:30.9

start singing and she gets to the rhythm and the, and oh gosh, just about anything she's

0:35.1

doing. So she'll sing about what she's doing and it's just neat because no one ever taught

0:40.9

her to do that.

0:41.9

You'll get home and you'll be like, daddy was on a podcast.

0:45.2

Exactly. And she was, she had so many questions. What's an interview, Tata?

0:50.5

Ever since the Harrington's became parents, they've benefited from something called the

0:54.3

Child Tax Credit, an extra bit of money that showed up as part of their tax refund every

0:59.4

year. And last year, Democrats in Congress expanded that benefit. Since July, many American

1:06.9

families, including the Harrington's, have been getting more money than they did before

1:11.7

and they've been getting it monthly in the form of checks or direct deposits. The Harrington's

1:17.6

have been getting 300 bucks a month.

1:20.9

And what have you done with the money? Like, do you remember what your first check went

1:25.0

to?

1:26.0

I believe it went to buying a few things for a camping trip that we were going on with

1:29.4

my parents. We actually were able to afford to buy, you know, some extra, you know, things

1:33.0

for, for Lily, like, water socks and, you know, and floaties and, uh, and new swimming

...

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