John,
Congress is under massive pressure to pass a tax bill soon—and corporate tax lobbyists want nothing more than a multi-billion dollar giveaway to major corporations.
It’s not right and it’s not fair. At a time of massive corporate profits combined with corporate price gouging, Congress should be looking for ways to support people and families first, not handing hundreds of billions of dollars to large profitable corporations.
When Congress did provide relief in 2021—in the form of the expanded Child Tax Credit—we saw childhood poverty drop by almost half and millions of families were able to get caught up on bills and feel like their heads were above water for the first time in years. But Congress allowed it to expire, plunging millions of children and families back into poverty.
We’re demanding Congress put low-income families first by including the expanded Child Tax Credit in any upcoming tax package. If our country can afford to give billions of dollars in tax handouts to the wealthy, then they can certainly afford to lift millions of children out of poverty.
Donate $5 today to keep the pressure on Congress to include an expanded Child Tax Credit, which reaches the lowest income households, in any December or January tax package.
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Thank you for all you do,
Meredith Dodson
Senior Director of Public Policy, Coalition on Human Needs
-- DEBORAH'S EMAIL --
John,
Congress is under massive pressure by Wall Street lobbyists to pass a corporate tax package in the coming weeks that would pad the pockets of wealthy CEOs and shareholders while costing U.S. taxpayers billions.
Corporate lobbyists are swarming Congressional offices to garner support for the package—and their work is paying off. Last week, 146 House Republicans sent a letter to House Speaker Mike Johnson, demanding he bring the corporate tax package to a vote by the end of the year.
While certain members of Congress are fighting to make the wealthy even wealthier, 2 in 3 Americans say their household expenses have increased from last year, but only 1 in 4 say that their wages have increased.1
Our country can’t continue like this. One major way that Congress can show up for families and provide economic relief is by passing an expanded Child Tax Credit that reaches the lowest-income households. When the expanded Child Tax Credit was in effect in 2021, child poverty fell by 46%. In just one year, there were 716,000 fewer Black children, 1.2 million fewer Hispanic children, and 820,000 fewer white children in poverty—a stunning achievement that started to close racial poverty gaps.2
We know that keeping children out of poverty means better school performance, better health outcomes, and more mentally and emotionally well-adjusted children. This is why we’re fighting every day while Congress is in session to get the expanded Child Tax Credit included in any tax package that moves in the coming weeks.
Already this past week, we’ve sent tens of thousands of messages to members of Congress, fighting for the expanded CTC. And we’re rallying our national allies and partners across the country to do the same.
Donate $5
today to keep up the pressure and demand Congress put children before wealthy corporations.
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Nearly three-quarters of 800 parents surveyed said tax breaks for wealthy corporations should not be passed until Congress reinstates the monthly Child Tax Credit.3
When Congress let the expanded Child Tax Credit expire at the end of 2021, nearly all of the monumental gains made were wiped out. More families experienced real hardship: the percentage of people with children who reported sometimes or often not having enough to eat in the past week rose from 10.4% in the summer of 2021, when families were getting the CTC, to 14.6% in the summer of 2022, when they weren’t—a 40% increase. And without the CTC, it’s still getting worse—just before Thanksgiving, the proportion of people with kids reporting this kind of hunger rose to 16%.4
Meanwhile, House Republicans want to pass a corporate tax package that would cost hundreds of billions of dollars. Just one provision of that proposed package—bonus depreciation—would cost the federal government $325 billion in lost revenue over a ten year period.5 That’s money that could be invested in our communities and used for public education, expanding health care access, and funding essential nutrition programs.
If Congress is serious about America’s continued growth and prosperity, that means we have to invest in children now and make them a priority, not corporate profits.
Chip in $5
today to fund the fight to expand the Child Tax Credit and make sure that it reaches the lowest-income households.
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Thank you for all you do,
Deborah Weinstein Executive Director, Coalition on Human Needs
1 Many Americans say they're spending more than they earn, dimming their financial outlooks, poll shows 2 Expansions to Child Tax Credit Contributed to 46% Decline in Child Poverty Since 2020 3 New Poll Shows 85% of Parents of Babies and Toddlers Want Swift Congressional Action to Reinstate Child Tax Credit Reforms 4 CHN analysis of Census Household Pulse Data - here and here. 5 BONUS DEPRECIATION TAX HANDOUT MEANS MORE EXECUTIVE PAYOUTS & STOCK BUYBACKS FOR MEGA-CORPORATIONS
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