The American Rescue Plan changed the longstanding child tax credit: expanding it to $3,600 and removing income requirements. That gave families a much-needed cushion during the early pandemic. Some families got as much as $300 per child, per month, deposited directly into their bank accounts. They spent that on groceries, rent, bills -- whatever they needed to survive.
And three million children were lifted out of poverty.
Just a few months later, that policy lapsed, and the trend reversed. The latest numbers show that 2023 was a return to normal: 13.7% of children are living in poverty. They’re disproportionately represented by Black and Latinx children.
According to the latest Institute for Policy Studies research, last year’s child-poverty rate would have been just 8.6% if the same Child Tax Credit expansion had remained in place.
With both presidential campaigns touting larger Child Tax Credits, and blaming Congress for the lack of action, we must speak up now. Tell Congress: No more child poverty. Expand the Child Tax Credit and remove income requirements.