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Child poverty rose by 3.7 million after expanded child tax credit expired: study
Almost 4 million American children fell into poverty last month after the expanded child tax credit (CTC) expired, according to a study released Thursday by the Center on Poverty and Social Policy …
thehill.com
2.18.22
Almost 4 million American children fell into poverty last month after the expanded child tax credit (CTC) expired, according to a study released Thursday by the Center on Poverty and Social Policy at Columbia University. The lapse of monthly CTC payments in January pushed 3.7 million children below the poverty line, according to federal data analyzed by the Columbia researchers. The child poverty rate rose from 12.1 percent in December to 17 percent in January — an increase of 41 percent. "While in place, the monthly child tax credit payments buffered family finances amidst the continuing pandemic, increased families’ abilities to meet their basic needs, reduced child poverty and food insufficiency, and had no discernable negative effects on parental employment," the authors of the study wrote. The $1.9 trillion stimulus bill signed by President Biden in March 2021 increased the amount of money parents receive through the CTC to $250 per child between ages 6 and 17 and $300 for each child younger than 6. More than 36 million households covering 61 million children received expanded CTC payments from July through December last year.
For pushing 3.7 million American children back under the poverty line, we can thank Senator Joe Manchin (D/WV).
As the Senator of one of the poorest states in the union, Manchin obviously doesn't care about his state's hungry children.
And you can bet that if this was a program that gave tax breaks to coal companies, Manchin would have moved heaven and hell to prevent its expiration.