September 12, 2023
From CNN:
The share of Americans, particularly children, in poverty rose significantly last year, in large part because Congress did not renew a Covid-19 pandemic enhancement to the child tax credit, according to Census Bureau data released Tuesday.
The expiration of the expanded refundable tax credits, including the child tax credit, and stimulus payments pushed up the number of children in poverty by more than 5 million.
A group of Democratic lawmakers have been trying to revive the enhanced credit and unsuccessfully sought last year to tie it into a Republican wish-list item of extending certain corporate tax breaks. Colorado Sen. Michael Bennet, Ohio Sen. Sherrod Brown, Connecticut Rep. Rosa DeLauro, Washington Rep. Suzan DelBene and New York Rep. Ritchie Torres this year have introduced legislation to boost the child tax credit.
Read the full article here.
