Ending Child Poverty: Lessons from a One-Year Expansion of the Child Tax Credit
By Ashley Burnside
(EXCERPT)
In response to the COVID-19 pandemic, the United States engaged in an innovative policy experiment: for one year, the federal government expanded the existing child tax credit—making it available to families with little or no earnings, increasing the credit amount, and providing monthly payments instead of an annual payment at tax time.
This expanded child tax credit was incredibly effective: child poverty went down by a record-breaking amount, lifting an estimated 2.9 million children out of poverty, reducing food hardship, decreasing parent financial stress, and more.
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Source URL: https://nonprofitquarterly.org/ending-child-poverty-lessons-from-a-one-year-expansion-of-the-child-tax-credit/
