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Can monthly cash payments cut child poverty by nearly half? - New Delhi Times - India s Only International Newspaper

May 19, 2021 Share ALBUQUERQUE, N.M. The check won’t arrive until mid-July, but Katrina Peters already knows what she’ll do with her Child Tax Credit payments. The 20-year-old mother of three has applied to work as a driver with a food delivery app, and the extra cash is earmarked for repairing, registering and insuring her car. “I just need to make sure it’s 100% and then I can start working and get an income,” Peters said, cradling her 3-week-old son, Armani. “That’s where it starts.” The payments are a key part of Democrats’ COVID-19 aid bill passed in March, but for policymakers they are more than just an attempt to help families recover from the pandemic. The monthly checks of up to $300 per child for millions of families are part of an ambitious attempt to shrink child poverty and rethink the American social safety net in the process.

Child Tax Credit: Can the monthly payments cut child poverty?

The expanded CTC payments, which are due to begin going out July 15, are only meant to last a year, but architects and proponents aren’t trying to hide the fact that they want to make this permanent. The coronavirus pandemic, they say, laid bare the inadequacies of America’s support system and provided the political momentum to make lasting changes. “If implemented well, this could be transformative,” said Emma Mehrabi, director of poverty policy at the Children’s Defense Fund. “This could cut child poverty in nearly half.” Part of the American Rescue Plan, the Child Tax Credit provisions will increase the payments and greatly expand the number of families eligible. The practical result will be direct payments for each child to families ranging from impoverished to solidly middle class $3,600 per year for children under age 6 and $3,000 per year for older children. Roughly 39 million households will receive at least partial payments, covering an estimated 88 percent

Child Tax Credit: Can the monthly payments cut child poverty?

Child Tax Credit: Can the monthly payments cut child poverty?
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Child Tax Credit: Can the monthly payments cut child poverty?

Child Tax Credit: Can the monthly payments cut child poverty?
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