America's new plan will give millions of dollars in 2023

Expanding the COVID-era Child Tax Credit could provide up to $3,600 a year for parents to keep their families going and it's a good policy

At the news conference, House Democrats offered a year-end funding deal that extends the child tax credit extended from the 2021 American Rescue Plan.

If enacted, the new proposal would increase the maximum benefit of the existing $2,000 credit for children under the age of 6 to $3,600 per year, similar to the credit Congress allowed to expire last December, Colombia

According to university estimates, one-sixth of previously impoverished children picked up. those below the poverty line

"We have never seen a government program achieve its goal so quickly. We created the desired impact when introduced."

DeLauroe and millions of Americans believed that the increased tax credit could "pay their light bill that month, fill their gas tank, pay for daycare," resulting in double-digit increases in poverty among many ethnic groups. has decreased. Took this decision on Thursday

Columbia University calculated the total impact of the program to be $8 for every $1 spent – a public spending bill they said was well worth it.

Want More
Like This?

Click Here