President Joe Biden is advocating for the permanent reinstatement of the enhanced child tax credit, which provided $300 monthly per child and significantly reduced child poverty, while many states are independently implementing similar measures to support low-income families.
Biden Pushes for Permanent Enhanced Child Tax Credit to Help Low-Income Families
According to the report of Marca, President Joe Biden wants to make the enhanced child tax credit permanent. This tax credit, part of Biden’s American Rescue Plan in 2021, gave families $300 per child each month to help during the COVID-19 pandemic. It greatly reduced child poverty, but the program ended when lawmakers did not extend it, raising concerns about its future.
In a recent speech in Nevada, Biden talked about how having reliable childcare helps the economy grow. He said that when families have good child care, parents can work without worrying about their kids. The expanded child tax credit was important in lowering child poverty rates in the U.S. during its time. Biden wants to make this credit a lasting policy, believing it will continue to help low-income families and boost the economy.
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15% Reduction in Child Poverty Rates: President Biden Pushes for Permanent Child Tax Credit Reinstatement (PHOTO: PolitiFact)
States Implement Their Child Tax Credits as Federal Program Ends
Even though the federal program ended, many states are creating their child tax credits. Fourteen states have set up their own versions, and 31 states, along with Washington, D.C., and Puerto Rico, have similar measures. This shows that many recognize the importance of helping families with financial support and child care. Biden’s push for this policy highlights his commitment to building a more inclusive and successful future for all Americans.
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