United Way Worldwide President A Consequential Opportunity to Expand the Child Tax Credit | Opinion

Image for article United Way Worldwide President A Consequential Opportunity to Expand the Child Tax Credit | Opinion
News Source : Newsweek

News Summary

  • The Child Tax Credit is one of our most effective tools to lift children and families out of poverty
  • The most recent expansion in 2021 cut child poverty rates nearly in half
  • The Niskanen Center found that extending the credit would boost consumer spending by $27 billion over a 12-month period
As tax season concludes and the federal budget reconciliation process begins, Congress is staring at a massive opportunity to deliver critical support to millions of American families by expanding an [+4934 chars]

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