'If the Child Tax Credit expansion had not expired at the end of 2021, it would have continued to push down poverty among children this year and beyond,' noted one analyst.
, the child poverty rate increased by 41%—rising from 12.1% to 17% among the population—and nearly 4 million kids were hurled into poverty, an indication that last year's gains could be wiped out in 2022.
"If the Child Tax Credit expansion had not expired at the end of 2021, it would have continued to push down poverty among children this year and beyond, even as other relief measures phase out,"Danilo Leandro Trisi, director of poverty and inequality research at the Center on Budget and Policy Priorities."Policymakers should pursue opportunities this year to stave off a sharp rise in child poverty by expanding the Child Tax Credit.
With Manchin and the GOP opposed to expanding the poverty-slashing credit, it's unclear whether there's a viable legislative path for even a short-term extension of the program ahead of the November midterms.last week that"the White House is engaging with Senate Democrats about making one last push for an enhanced child tax credit this year—and in return for GOP votes, may dangle support for corporate tax credits for research and development that expired last year.
"A Hail Mary tax package would face not only a ticking congressional clock but also potential opposition from Sen. Joe Manchin ," the outlet added."After some discussions about lowering the income caps and including it in a slimmed-down version of Build Back Better, the tax credit ultimately didn't make it into the Inflation Reduction Act that Biden signed into law in August.
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