Child Tax Credit is Widely Popular
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Yet Congress will not extend it.
By almost any measure, the 2021 refundable Child Tax Credit (CTC) was an overwhelming success. It drove the largest-ever decline in child poverty in a single year — in 2021, child poverty fell to 5.2%, the lowest rate on record. Making the credit fully refundable was the main driver of the expanded Child Tax Credit’s poverty reduction. Refundable means that it was…