Institute on Taxation and Economic Policy

HEROES Act

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New ITEP Estimates on Biden’s Proposal to Expand the Child Tax Credit

September 18, 2020 • By Steve Wamhoff

On Thursday, former Vice President Joe Biden announced that his tax plan would include a provision passed by House Democrats to temporarily expand the Child Tax Credit (CTC), potentially lifting millions of children out of poverty. Estimates from ITEP show that this change would benefit most families with children—more than 83 million children live in households that would benefit if this was in effect in 2020—but the most dramatic boost would go to low-income families.