To the editor:
When we think about American values, family is at the very core. In some way, we all want to produce a fulfilling and meaningful life for our children. This is why we need to make …
To the editor:
When we think about American values, family is at the very core. In some way, we all want to produce a fulfilling and meaningful life for our children. This is why we need to make revisions that have been made to the Child Tax Credit (CTC) permanent.
Unfortunately, members of Congress are actively trying to revoke these newly implemented CTC revisions. Without these benefits, low-income families will suffer. We can’t advance as a nation if we ignore the cries of our most critical populations.
To ensure that this does not happen, we need to make the CTC’s full refundability permanent in addition to permanently extending eligibility to children in immigrant families. Since July 15th of 2021, monthly payments of the CTC have kept nearly 40 million families afloat and provided a stable environment for approximately 60 million children. Not only will this revision continue to support children of low-income families, but Niskanen Center projects that with continued application, this will “boost consumer spending by $27 billion” and “support over 500,000 full time jobs at the median wage.”
Our children’s livelihoods are at stake, and it is time for Congress to act. I’m calling on Sen. Burr and Sen. Tillis to pass an economic recovery bill that will make the CTC’s current provisions permanent, make the credit refundable, and ensure multi-year funding for Housing Choice Vouchers.