On this week’s Radically Pragmatic Podcast, Veronica Goodman, Director of Social Policy at the Progressive Policy Institute (PPI), sits down with Representative Veronica Escobar (TX-16), to discuss the Child Tax Credit.
For context, The American Rescue Plan Act, crafted by the Biden Administration and passed by Congressional Democrats, included a historic expansion of the Child Tax Credit (CTC). Qualifying families will see an increased tax credit of $3,000 for each child between the ages of six and 17 years old and $3,600 for each child under the age of six. The increased credit funds — $250 for children between six and 17, and $300 for each child under six — will be provided monthly, giving over 36 million eligible families relief as we recover from the pandemic. The expansion of the Child Tax Credit could lift one-half of all children in America out of poverty.
Families who are eligible for the CTC but have not received their monthly payment should visit IRS.gov or whitehouse.gov/child-tax-credit.
Learn more about the Progressive Policy Institute here.
