CNBC, May 26, 2021, Keeping the expanded child tax credit would help 65.6 million American kids
Continuing the expanded child tax credit, which is set to expire after 2021, would help millions of American children, including lifting some out of poverty, according to new research.
As many as 65.6 million American children — 90% of all kids in the U.S. — would benefit from an expanded child tax credit, such as the one proposed in President Joe Biden’s American Families Plan, a study from the Center on Budget and Policy Priorities has found.
In addition, the changes to the child tax credit proposed by the act would lift 4.1 million children out of poverty, cutting the overall poverty rate by about 40%, the study found.
