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The Child tax credit has always existed since 1997 but I do agree that trying to increase it so much and the monthly payments permanent has a lot to question. You got it making up to 110k before and Trump tax cuts doubled the tax credit and increased the limit to 400k for married filing joint. You can be upper middle class and still get the 2k per child (3k this year). The Biden "child tax credit" is merely an increase for one year and advancing half of it.
I do agree that the CTC, along with EIC and other welfare items, there is a disincentive to work if you could only work in lower to low-mid paying jobs. What's the incentive to get ahead if you lose a monthly benefit?
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