Neal Statement on the American Rescue Plan’s Expanded Child Tax Credit
WASHINGTON, DC— Today, House Ways and Means Committee Chairman Richard E. Neal (D-MA) released the following statement on the success of the Child Tax Credit after a new U.S. Census Bureau report found the supplemental poverty rate fell to a record low in 2021:
“Child poverty has been cut in half thanks to the remarkable success of the American Rescue Plan’s expanded Child Tax Credit (CTC). Without a single Republican vote, we delivered financial relief that kept food on the table and put daily essentials within reach. Many didn’t believe us when we touted the potential of this expanded, refundable credit, but the data show its impact surpassed our expectations.
“Working Americans and families deserve long-term, sustainable support, and it’s clear the CTC is our most effective tool. Republican opposition is threatening this progress, but the Ways and Means Committee will not stop fighting to permanently extend this lifeline.”