Dec 20, 2022
8 min read
Child Tax Credit is Widely Popular
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…
