One Last Chance to Build Back Better - WSJ Opinion

Unless Congress acts soon, millions of families with children will take a financial hit as Omicron surges and the economic outlook darkens. To avoid this, Congress should enact a one-year extension of the expanded CTC and use the breathing room to devise a long-term solution.

The expanded child tax credit was set for one year in the American Rescue Plan bill. Now that it’s expiring, here’s a proposal to extend it for one more year. And suppose that happens, what do you think we’ll be discussing in December 2022?

This is why BBB failed; because the expiration dates were a lie from the start.