CHILD TAX CREDIT – AMERICAN RESCUE PLAN ANNIVERSARY FACT SHEETS
Child Tax Credit Expiration Likely Pushes Millions Into Poverty
One of the American Rescue Plan’s most successful programs, the expanded Child Tax Credit, slashed child poverty in the United States and infused local economies with tens of billions of dollars in additional spending during an unprecedented public health crisis. When CTC checks started hitting bank accounts in 2021, the life-changing impact of the credit was clear right away. In six weeks, food insufficiency had dropped by nearly one-third. Improvements were significant among Black and Latinx families, who experience the highest rates of food hardship.
Download our state-by-state fact sheets for a customized look at the economic impacts we’ll see without this direct cash program.