Joe Biden on Extended Child Tax Credit Funded by $1.9 Trillion Covid Bill: Each $1 We Spend on the Credit Creates $8 in Growth (VIDEO)

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Joe Biden on Thursday delivered remarks on his child tax credit extension that began this week.

The Treasury Department on Thursday began sending monthly child tax payments to about 35 million families totaling approximately $15 billion.

The child tax credit payments are funded the by the $1.9 trillion Covid relief bill signed into law earlier this year.

Joe Biden said for each $1 the government spends on the credit, it creates $8 in growth.

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