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Congress: Renew the Monthly Child Tax Credit Payments
Our family is feeling the immediate effects of losing the monthly Child Tax Credit. Our newly formed private mental health practice hangs in the balance.
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Our family is feeling the immediate effects of losing the monthly Child Tax Credit. Our newly formed private mental health practice hangs in the balance.
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The credit, expanded in March as part of the American Rescue Plan, found support in both liberal and conservative circles
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A recent Social Policy Institute analysis of Census Pulse Survey data released today reaffirmed similar previous studies showing that the Child Tax Credit (CTC) removed barriers to work and encouraged families to start new businesses.
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“Every member of Congress should take seriously their oath to support these families and make a New Year’s resolution to enact a meaningful extension.”
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Unresolved CTC negotiations in Washington could leave nearly 10 million children in the United States in freefall towards hardship.
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Four Million Children Sliding Back into Poverty Without Child Tax Credit
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As the first date that parents will miss a monthly payment from the expanded Child Tax Credit since July quickly approaches on Friday, editorial boards from coast to coast have begun to voice support for a revival of the policy.
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It’s been a struggle, but when the Child Tax Credit hit our bank account this morning it was like ‘thank goodness that hit,’” said Peterson. “It was such a relief knowing it was gonna be there. And now, we’re staring down the barrel. It’s gonna be tough.”
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