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Biden touts "historic" expanded tax credit as pivotal to ending childhood poverty

Speaking at the White House, President Biden described Thursday — when a majority of U.S. parents were first sent monthly payments as part of the expanded child tax credit — as "a historic day" for ending childhood poverty.

Why it matters: Families representing nearly 60 million eligible children were sent checks — amounting to some $15 billion dollars total — on Thursday, per the Treasury Department and Internal Revenue Service. The program is one of the largest anti-poverty measures in modern history.

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