John,

Instead of receiving monthly Child Tax Credit payments between $250 and $300 per child, families are dishing out an extra $327 out of pocket each month, dealing with rising prices.

At the same time, wealthy corporations are pushing for their own tax break. They want a continuation of a research and development (R&D) tax break that allows businesses to immediately deduct expenses, which helps with cash flow.

Tell Congress: Prioritize the cash flow of struggling families over wealthy corporations. Don’t pass the R&D tax break until you first renew the expanded, monthly Child Tax Credit.

Thank you for fighting for the needs of tens of millions of families.

Nicolai Haddal
Field and Events Manager, Coalition on Human Needs

-- DEBORAH'S EMAIL --

John,

When it comes to tax breaks, Congress loves handing them to wealthy corporations. But working people and families? It’s like pulling teeth.

Take for example the research and development (R&D) tax break. This has been in place for almost 70 years and has bipartisan support. But, after expanding the Child Tax Credit (CTC) in 2021, lifting millions of children out of poverty, the Senate failed to renew this critical program in 2022.

Now, businesses are pushing for a continuation of the R&D tax break that has allowed them to deduct expenses immediately to help with cash flow. But what about the cash flow of struggling families?

Last year’s monthly checks of between $250 and $300 per child each month, assisted 36 million families across the country. Families living paycheck to paycheck who received those monthly payments reported being less likely to have to sell their plasma or go to debt-trap Payday Lenders to cover basic expenses.¹

Now that those monthly CTC payments have stopped, and with the price of food rising, 2 million more people with children have reported sometimes or often not having enough to eat, compared to last summer, when the CTC payments were being delivered.²

Write to your members of Congress right now! Demand they not pass the R&D business tax break without first passing the expanded, monthly Child Tax Credit for 61 million children.

Just one month after the monthly CTC payments stopped, 3.7 million children were plunged back into poverty. And adding to a really urgent cash flow problem, rising prices are forcing the average household to spend an extra $327 each month due to inflation.³

Write to your senators and representative and tell them not pass the R&D business tax break without first passing the expanded, monthly Child Tax Credit for children and families.

Together, we’re demanding Congress prioritize the needs of working families over wealthy businesses.

Thank you,

Deborah Weinstein
Executive Director, Coalition on Human Needs

¹ https://www.brookings.edu/research/the-impacts-of-the-2021-expanded-child-tax-credit-on-family-employment-nutrition-and-financial-well-being/
² https://www.chn.org/wp-content/uploads/2022/05/covidsavecall5-4-22.pdf
³ https://www.cnbc.com/2022/04/13/inflation-is-costing-american-households-an-extra-327-a-month.html