The child tax credit ends.

At the end of the year, the child tax credit legislation that provided monthly checks that were going out to millions of parents — which Democrats passed last year — lapsed. Party leaders had expected to pass a temporary or permanent expansion of the CTC in the Build Back Better legislation, but that bill was effectively killed last month when Sen. Joe Manchin (D-WV), who Democrats needed to pass the legislation, announced he was not going to vote for the nearly $2 trillion bill.

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