Without the boosted child tax credit, nearly 10 million children could fall deeper into poverty

[swag]

(this subscriber share link should get you past the paywall)

https://wapo.st/3dJH3hh

By Michelle Singletary

December 10, 2021 at 7:00 a.m. EST

Unless Congress acts, the last of the advance child tax credit payments will hit bank accounts on Dec. 15. The end of these monthly payments will financially devastate many American families, pushing them back into poverty.

“Millions of children who spent last Christmas in poverty will not bear that burden this holiday season,” President Biden said in a recent briefing about the effects of the expanded child tax credit.
That wasn’t political hyperbole.

Increasing the payments and extending them to more low-income parents made available an additional $77 billion to feed, clothe and provide for more than 61 million children, Treasury Secretary Janet L. Yellen said during a Senate hearing last month.

“Food insecurity among families with children dropped 24 percent after the July payments, which is a profound economic and moral victory for the country,” Yellen said.

. . . more

[Walleye]

1. Thanks, Sen Manchin

[Tomconroy]

2. Let's see what happens.

[Hoyt]

3. Should have put it into BBB for more than 1 year. Who made that decision?

[Igel]

4. Those who needed to make sure that the bill

"paid for itself."

It's expensive, that credit.

[Hoyt]

5. But it was playing a little loose with the facts. It can't, and shouldn't,

be stopped in future.