Experts on anti-poverty policies on Tuesday urged lawmakers weighing tax legislation to consider evidence that became strikingly clear in 2021: Guaranteeing that families have money on a monthly basis to provide for their children, via the expanded child tax credit, helped ensure that far fewer kids struggled with insufficient food and other essentials.
The Center on Budget and Policy Priorities (CBPP) noted that policymakers have reportedly begun negotiating a possible year-end tax bill and have already heard from dozens of pro-business groups from across the country that have called for a tax code that "supports innovation" and enables businesses to "finance growth."
To return to what analysts have called "a historic reduction in poverty" that was observed just two years ago, CBPP called on negotiators in Congress to include "a well-designed expansion of the child tax credit (CTC) in any tax legislation considered," with the children from the lowest-income households prioritized.
