BuzzFeed: Congress Just Passed Another Round Of COVID Checks And Unemployment Aid
media mentionThe Institute on Taxation and Economic Policy found that 83 million children live in households that will benefit [from the Child Tax Credit expansion]. Currently, the families with the lowest incomes are excluded from receiving this support due to a lack of taxable income. The COVID bill rewrites that language so that families with the lowest incomes qualify for the full amount. A study by Columbia University’s Center on Poverty and Social Policy found that the tax credit could lift 4 million people out of poverty.