Child Care Tax Credit reduced childhood poverty- Now they will end.

 Child Tax Credit expansions were instrumental in reducing poverty rates to historic lows in 2021

 

 

https://www.epi.org/blog/child-tax-credit-expansions-were-instrumental-in-reducing-poverty-to-historic-lows-in-2021

 

All in all, child poverty was the lowest on record in 2021, largely due to key expansions of the Child Tax Credit. Unfortunately, that’s where the good news ends—policymakers let those vital tax credits expire at the end of 2021, leading to higher child poverty rates in 2022.