'In 2021 alone, the expanded Child Tax Credit reached more than 61 million children and lifted nearly 4 million of them out of poverty,' noted AmericanFamilyAct co-sponsor RepRitchie.
The legislation would continue the $300 monthly credit for children age 6 and younger while expanding the maximum CTC to $250 per month, or $3,000 annually—up from $2,000 under the previous policy. The bill also provides the full CTC to"left-behind" children by revoking a rule limiting the refundable portion to $1,400 per year and eliminating the earnings requirement that previously excluded about one-third of eligible children from the full credit.
"When we expanded and improved the Child Tax Credit in 2021 under the American Rescue Plan, it provided unprecedented economic security for American families. It was the largest tax cut for middle-class and working families in generations," DeLauro said in a;“When we expanded the Child Tax Credit in 2021, it was the largest tax cut for middle-class & working families in generations.
DelBene said that"the enhanced Child Tax Credit was one of the most transformational policies from the American Rescue Plan, lifting millions of children out of poverty, boosting our economy, and helping parents pay rent, put food on the table, and afford other essentials for their kids." "This is a proven program that will help grow our economy by rebuilding and strengthening the middle class," she added.
;“The #ChildTaxCredit drastically reduced child poverty in the U.S. Let's make life just a little easier for working families and make it permanent by passing the #AmericanFamilyAct!\n\nhttps://t.co/m47WsvtyCg;”
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