July 7, 2021

The Child Tax Credit in Practice: What We Know About the Payoffs of Payments (Webinar)

What happens when families, particularly low-income families, receive an unconditional monthly income supplement? Small demonstration projects show it boosts outcomes on many levels, from improving mental health to securing or maintaining employment.

In this discussion on why tax credits like the Child Tax Credit (CTC) expansion are good economic policy, you’ll hear from anti-poverty experts on why Congress should extend the policy beyond 2021 and what we can learn from an initiative providing low-income mothers in Jackson, Miss., $1,000 cash on a monthly basis, no strings attached. From theory to practice and what it means for American families, this CTC webinar provides a unique angle through which to view this transformative policy.

Moderated by Solana Rice, Liberation in a Generation
• Aidan Davis, Institute on Taxation and Economic Policy
• Indivar Dutta-Gupta, Georgetown Center on Poverty & Inequality
• Natalie Foster, Economic Security Project
• Dr. Aisha Nyandoro, Springboard to Opportunities

Watch the recording:

Background: Beginning July 15, most of the nation’s families with children will begin receiving monthly CTC payments made possible by President Biden’s American Rescue Plan enacted in March. The measure increased the per-child amount of the CTC and extended it to the lowest-income families who were previously ineligible. The expanded credit will reach 29 million more children and reduce child poverty by at least 45 percent.

Resources

RSVP for July 15: FAMILY MATTERS: A Celebration of the Child Tax Credit, co-hosted by the Economic Security Project and Building Back Together and emceed live by Dorian Warren and Melissa Harris Perry.

IRS Resources for including eligibility tool, manage payments and sign-up for non-filers

Child Tax Credit Expansion Q&A with Aidan Davis

CTC in the American Families Plan

NPR: Tax Credit Could Lower Child Poverty More In 2021 Than Any Other Year In U.S. History

Matching Timing To Need: Refundable Tax Credit Disbursement Options (Report)

A permanent monthly Child Tax Credit creates lasting financial security (PDF)

Guaranteed Income Demonstrations – Fact Sheet (PDF)

Guaranteed Income – Policy Brief (PDF)

Magnolia Mother’s Trust

Giving Mothers a Financial Boost (NBC News with Shepard Smith)

The Appeal: The Mississippi Program That’s Showing How Effective Direct Cash Transfers Can Be

EITC and Child Tax Credit Promote Work, Reduce Poverty, and Support Children’s Development, Research Finds