House Panel Clears $1,400 Stimulus Payments, Family Tax Credits

Feb. 12, 2021, 12:06 AM

The House Ways and Means Committee advanced legislation that would infuse households with hundreds of billions of dollars of cash through direct payments and tax credits, a key plank of President Joe Biden’s Covid-19 relief package.

The panel on Thursday approved measures providing $593.5 billion in benefits, most of which is made up of $1,400 stimulus payments, along with advance tax credits for children that will be sent to households on a monthly basis. The measures passed on a 24-18 party-line vote.

A dozen House committees are working on different elements of Biden’s $1.9 trillion rescue proposal, and...

To read the full article log in.