Child Allowance: Monthly cash payments to most parents via the expanded child tax credit would continue under the bill. Every month since July, parents have received $300 per child under 6 years old and $250 per child ages 6-18. “Medicaid Gap” Coverage: A dozen states, mostly in the South, still have not expanded Medicaid to cover all people with incomes below or just above the poverty line, as the Affordable Care Act envisioned. That initiative, like the other Affordable Care Act enhancements, lasts through 2025. New Taxes: New taxes would kick in for corporations and people with annual incomes exceeding $10 million, as well as people who use nicotine products.

Source: Huffington Post November 23, 2021 10:56 UTC