Proposed Child Tax Credit in Connecticut Holds Promise for Economic Boost and Social Impact
Connecticut’s Proposed Child Tax Credit Holds Promise for Families Statewide
In Connecticut, new data reveals the potential impact of a proposed child tax credit. If passed, it could benefit around 268,000 eligible families across the state, totaling $306 million in tax credits. Towns like Bridgeport, Hartford and Waterbury have the highest numbers of eligible families and the credit could bring a 38% boost to local economies statewide.
Amy Casavina Hall, from the United Way of Connecticut, emphasizes the practical benefits of the proposed credit. She believes it could lead to fewer hungry children, more stable housing situations and better long term outcomes for families. The credit which would allocate $600 per child annually for up to three children, is especially significant for minority families with around 91% of Latino households and 88% of Black households with children eligible to benefit.
Child Tax Credit – New Maps Reveal How Connecticut’s Affects Every Community! (PHOTO: Public News Service)
Comprehensive Child Tax Credit Essential to Combat Child Poverty in Connecticut and Beyond
Experts suggest that implementing both state and federal child tax credits could significantly reduce child poverty rates in Connecticut. When the federal child tax credit expansion was in place it helped lift millions of kids out of poverty nationally. However, without it Connecticut’s child poverty rate more than doubled affecting around 82,000 kids. Advocates argue that a comprehensive approach including the proposed child tax credit could be crucial in tackling child poverty both in Connecticut and across the United States.
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