House Democratic leaders will unveil legislation Monday that would give millions of families at least $3,000 per child, advancing a key provision in President Joe Biden's $1.9 trillion COVID-19 relief package.
Chairman of the Ways and Means Committee Richard Neal, who is leading the crafting of the legislation for the stimulus package, will introduce the enhanced Child Tax Credit bill, according to a committee spokesperson.
"The pandemic is driving families deeper and deeper into poverty, and it's devastating. We are making the Child Tax Credit more generous, more accessible, and by paying it out monthly, this money is going to be the difference in a roof over someone's head or food on their table," Neal said in a statement.
CNN obtained a copy of the 22-page bill. The Washington Post first reported on it.
The legislation would provide $3,600 per child under the age of six and $3,000 per child age six through 17 for a single year. The full benefit is available to single parents earning up to $75,000 annually and for couples earning up to $150,000. Payments would phase out after those thresholds.
Families can receive the Child Tax Credit payments on a monthly basis, which advocates say will make it easier to pay their obligations compared to getting a lump sum at tax time.
If this particular legislation is passed by Congress, the payments would begin in July for one year.
Another big change: The credit would become fully refundable for the year. Some 27 million children currently live in low-income families who receive a partial or no tax credit because they earn too little, according to the left-leaning Center on Budget and Policy Priorities.
The current Child Tax Credit provides up to $2,000 per child under the age of 17. The credit phases out for single parents with a modified adjusted gross income over $200,000, and $400,000 for married couples. Families receive a single payment.
Some 90% of families with children will receive an average credit of $2,380 in 2020, according to a non-partisan Tax Policy Center estimate.
Reps. Rosa DeLauro of Connecticut, Suzan DelBene of Washington and Ritchie Torres of New York are also set to introduce on Monday standalone legislation that would continue the expanded benefit permanently.
Congress should pass the enhancement permanently while there's a chance, DeLauro, who has been working on bolstering the child tax credit since 2003, said in a statement.
"We cannot stop here. We must use this moment to pass the American Family Act and permanently expand and improve the child tax credit. One year is not enough for the children and families battling not just the coronavirus, but poverty, too," the Connecticut Democrat said in the statement.
Some Republicans also support increasing the Child Tax Credit. Utah Sen. Mitt Romney last week unveiled a proposal to provide a monthly cash benefit of $350 for each young child ($4,200 annually) and $250 for each school-aged child ($3,000 annually).
However, his measure would also eliminate several existing government assistance programs -- including Temporary Assistance for Needy Families -- and tax provisions, including the deduction for state and local taxes.
Romney said his plan would lift nearly 3 million children out of poverty, while not adding to the federal deficit. It would cost about $66 billion, including accompanying changes to the Earned Income Tax Credit.
Biden's proposal to give relief to low-income families
Biden's relief package, which he unveiled last month, called for augmenting the Child Tax Credit for one year to help fight against poverty.
The President's proposal also includes an expansion of the Earned Income Tax Credit to more low-income workers, along with $1,400 stimulus checks and increased unemployment, nutrition and housing aid, among other measures.
"All told, the American Rescue Plan would lift 12 million Americans out of poverty and cut child poverty in half. That's 5 million children lifted out of poverty," Biden said last month before signing two executive orders that would augment nutrition assistance and strengthen federal worker protections.
Biden also noted that the proposal would reduce poverty among Black families by one third and among Hispanic households by almost 40%.
A one-year expansion would cost about $120 billion, according to the Committee for a Responsible Federal Budget, a non-partisan fiscal watchdog.
Photos: The first 15 days of the Biden presidency

Joe Biden is sworn in as the 46th president of the United States by Chief Justice John Roberts as Jill Biden holds the Bible during the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021, as their children Ashley and Hunter watch.(AP Photo/Andrew Harnik, Pool)

President Joe Biden speaks during the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021.(AP Photo/Patrick Semansky, Pool)

FILE - In this Jan. 20, 2021, file photo President Joe Biden speaks during a virtual swearing in ceremony of political appointees from the State Dining Room of the White House in Washington. (AP Photo/Evan Vucci, File)

President Joe Biden speaks about the coronavirus in the State Dinning Room of the White House, Thursday, Jan. 21, 2021, in Washington. (AP Photo/Alex Brandon)

FILE - In this Jan. 21, 2021, file photo President Joe Biden signs executive orders after speaking about the coronavirus in the State Dinning Room of the White House in Washington. (AP Photo/Alex Brandon, File)

White House press secretary Jen Psaki speaks with Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, during a press briefing in the James Brady Press Briefing Room at the White House, Thursday, Jan. 21, 2021, in Washington. (AP Photo/Alex Brandon)

A portrait of former President Abraham Lincoln President hangs in the State Dining Room of the White House as Joe Biden delivers remarks on the economy Friday, Jan. 22, 2021, in Washington. (AP Photo/Evan Vucci)

First lady Jill Biden surprises National Guard members outside the Capitol with chocolate chip cookies, Friday, Jan. 22, 2021, in Washington. (AP Photo/Jacquelyn Martin, Pool)

First lady Jill Biden tours Whitman-Walker Health, Friday, Jan. 22, 2021, in Washington. (AP Photo/Jacquelyn Martin, Pool)

President Joe Biden departs after attending Mass at Holy Trinity Catholic Church, Sunday, Jan. 24, 2021, in the Georgetown neighborhood of Washington. (AP Photo/Patrick Semansky)

Secretary of Defense Lloyd Austin listens as President Joe Biden speaks before signing an Executive Order reversing the Trump era ban on transgender individuals serving in military, in the Oval Office of the White House, Monday, Jan. 25, 2021, in Washington. (AP Photo/Evan Vucci)

Vice President Kamala Harris participates in a ceremonial swearing-in ceremony with Secretary of Defense Lloyd Austin in the Roosevelt Room of the White House, Monday, Jan. 25, 2021, in Washington, as his wife Charlene Austin holds the Bible. (AP Photo/Evan Vucci)

President Joe Biden answers questions from reporters in the South Court Auditorium on the White House complex, Monday, Jan. 25, 2021, in Washington. (AP Photo/Evan Vucci)

Vice President Kamala Harris arrives to participate in a swearing-in ceremony with Treasury Secretary Janet Yellen, left, Tuesday, Jan. 26, 2021, at the White House in Washington. (AP Photo/Patrick Semansky)

Vice President Kamala Harris receives her second dose of the COVID-19 vaccine at the National Institutes of Health, Tuesday, Jan. 26, 2021, in Bethesda, Md. (AP Photo/Patrick Semansky)

Vice President Kamala Harris, right, ceremonially swears-in Antony Blinken, left, as Secretary of State, next to his wife Evan Ryan, Wednesday Jan. 27, 2021, in Harris' ceremonial office in the Eisenhower Executive Office Building on the White House complex in Washington. (AP Photo/Jacquelyn Martin)

Special Presidential Envoy for Climate John Kerry, right, listens as President Joe Biden delivers remarks on climate change and green jobs, in the State Dining Room of the White House, Wednesday, Jan. 27, 2021, in Washington. (AP Photo/Evan Vucci)

Vice President Kamala Harris, left, President Joe Biden, center, and Special Presidential Envoy for Climate John Kerry walk off after an event on climate change and green jobs, in the State Dining Room of the White House, Wednesday, Jan. 27, 2021, in Washington. (AP Photo/Evan Vucci)

President Joe Biden signs a series of executive orders on health care, in the Oval Office of the White House, Thursday, Jan. 28, 2021, in Washington. (AP Photo/Evan Vucci)

President Joe Biden delivers remarks on health care, in the Oval Office of the White House, Thursday, Jan. 28, 2021, in Washington. (AP Photo/Evan Vucci)

White House press secretary Jen Psaki speaks during a press briefing at the White House, Thursday, Jan. 28, 2021, in Washington. (AP Photo/Evan Vucci)

Second gentleman Doug Emhoff, the spouse of Vice President Kamala Harris, right, speaks with Christopher Bradshaw, executive director of Dreaming out Loud, a nonprofit organization focused on food security and economic opportunity, during a visit to Kelly Miller Middle School in Washington, Thursday, Jan. 28, 2021. (Nicholas Kamm/Pool via AP)

President Joe Biden and Vice President Kamala Harris meet Republican lawmakers to discuss a coronavirus relief package, in the Oval Office of the White House, Monday, Feb. 1, 2021, in Washington. From left, Sen. Mitt Romney, R-Utah, Vice President Kamala Harris, Biden, Sen. Susan Collins, R-Maine, and Sen. Lisa Murkowski, R-Alaska. (AP Photo/Evan Vucci)

President Joe Biden speaks with Secretary of Homeland Security Alejandro Mayorkas, right, in the Oval Office of the White House, Tuesday, Feb. 2, 2021, in Washington. (AP Photo/Evan Vucci)

President Joe Biden and first lady Jill Biden pay their respects to the late U.S. Capitol Police officer Brian Sicknick as an urn with his cremated remains lies in honor on a black-draped table at center of Capitol Rotunda, Tuesday, Feb. 2, 2021, in Washington. (Erin Schaff/The New York Times via AP, Pool)

Pete Buttigieg, with his hand on the Bible held by Chasten Buttigieg, is sworn in as Transportation Secretary by Vice President Kamala Harris in the Old Executive Office Building in the White House complex in Washington, Wednesday, Feb. 3, 2021. (AP Photo/Andrew Harnik)

President Joe Biden hands a challenge coin to a member of the U.S. Air Force as he walks to Air Force One at Andrews Air Force Base, Md., Friday, Feb. 5, 2021. Biden is spending the weekend at his home in Delaware. (AP Photo/Patrick Semansky)

Fans watch a broadcast of President Joe Biden and First Lady Jill Biden before the NFL Super Bowl 55 football game between the Kansas City Chiefs and Tampa Bay Buccaneers, Sunday, Feb. 7, 2021, in Tampa, Fla. (AP Photo/Mark Humphrey)

President Joe Biden departs after attending Mass at St. Joseph on the Brandywine Catholic Church as snow falls, Sunday, Feb. 7, 2021, in Wilmington, Del. (AP Photo/Patrick Semansky)

President Joe Biden tours the African Americans in Service Corridor at the Pentagon with Vice President Kamala Harris, Defense Secretary Lloyd Austin and Joint Chiefs Chairman Gen. Mark Milley, Wednesday, Feb. 10, 2021, in Washington. (AP Photo/Patrick Semansky)

Dr. Barney Graham, left, speaks as President Joe Biden listens during a visit to the Viral Pathogenesis Laboratory at the National Institutes of Health (NIH), Thursday, Feb. 11, 2021, in Bethesda, Md. Kizzmekia Corbett, an immunologist with the Vaccine Research Center at the NIH, right, and NIH Director, second from right, listen. (AP Photo/Evan Vucci)

President Joe Biden boards Air Force One, at Andrews Air Force Base, Md., Friday, Feb. 12, 2021, en route to Camp David. (AP Photo/Jacquelyn Martin)

President Joe Biden boards Air Force One at Hagerstown Regional Airport, Monday, Feb. 15, 2021, in Hagerstown, Md., after spending the weekend with first lady Jill Biden and family at Camp David. (AP Photo/Evan Vucci)

President Joe Biden talks with audience members as he waits for a commercial break to end during a televised town hall event at Pabst Theater, Tuesday, Feb. 16, 2021, in Milwaukee. (AP Photo/Evan Vucci)

President Joe Biden participates in a virtual event with the Munich Security Conference in the East Room of the White House, Friday, Feb. 19, 2021, in Washington. (AP Photo/Patrick Semansky)
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