February 16 2024- A bipartisan coalition in Congress is presenting a deal to expand the child tax credit as part of a broader tax policy initiative. The proposed expansion aims to benefit approximately 16 million low-income children, including nearly three million children under the age of 3. The Center on Budget and Policy Priorities estimates that, in the first year alone, this expansion could lift 400,000 children out of poverty and improve conditions for an additional three million. The deadline for Congress to approve and implement the child tax credit is tight, and the potential public health benefits are seen as substantial.
Child tax credit expansion would help an entire generation of children, CHOP CEO says
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