New Analysis from CDF: Why The Child Tax Credit Must Be Expanded to Fight Child Poverty During and Beyond This Pandemic
Nearly 12 million children, including 7.5 million Black and Latino children, are growing up in poverty in the United States - one of the highest poverty rates out of any developed country in the world. And the COVID-19 pandemic threatens to push millions more children into poverty with rates potentially climbing to the highest in 50 years.By expanding and increasing the CTC and creating a new tax credit for young children, Congress can proactively prevent millions of children from sliding into poverty during the pandemic and beyond.
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