Rural America’s Project 2025 Problem

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“What we would like to see is it made fully refundable in whatever tax bill that we see in 2025 so that the families with the lowest incomes can continue to receive it,” said Elizabeth Lower-Basch, deputy executive director of policy at the Center for Law and Social Policy. Refundability means that poorer families without any tax liability can still claim the credit. “That was the change that caused child poverty to be cut almost in half in 2021,” Lower-Basch said.

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Source URL: https://prospect.org/economy/2024-09-25-rural-americas-project-2025-problem