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Do the benefits of the expanded child tax credit actually fade with time?

Summary by DNyuz
In 2021, the US cut child poverty by as much as 40 percent using one of the most effective anti-poverty tools the country had ever devised: the expanded child tax credit (CTC). By sending unconditional monthly checks of up to $300 per child to the nation’s poorest families — including those with little to no income who had typically been excluded from such programs — the “child allowance” lifted 2.1 million children out of poverty who would’ve o…

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Do the benefits of the expanded child tax credit actually fade with time?

New Hampshire parents and other child tax credit supporters gather toand demand the credit be made permanent on September 14, 2021, in Manchester, New Hampshire. | Scott Eisen/Getty Images for ParentsTogether In 2021, the US cut child poverty by as much as 40 percent using one of the most effective anti-poverty tools the country had ever devised: the expanded child tax credit (CTC). By sending unconditional monthly checks of up to $300 per chil…

·New York, United States
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Vox broke the news in New York, United States on Tuesday, September 17, 2024.
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