February 3, 2021

Public News Service: Report: Biden Relief Package Could Reduce Child Poverty in Nebraska

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President Joe Biden’s proposal to expand the Child Tax Credit would help reduce child poverty and extend the credit to nearly half of all Black and Hispanic children, according to new analysis by the Institute on Taxation and Economic Policy.

Amy Hanauer, executive director for the institute, said the move will help working people in Nebraska who actually pay a larger share of their income in payroll, sales and other state and local taxes, but don’t earn enough to pay federal income tax.

“The changes to the Child Tax Credit no longer punish you for being in that situation,” Hanauer explained. “And they say, ‘OK, your child deserves a credit,’ just like any upper-middle-income child would deserve a credit.” Read more