Democrats’ $3,000 child tax credit idea is about lifting 4 million kids out of poverty

Democrats' $3,000 child tax credit idea is about lifting 4 million kids out of poverty

Though it started as a way to provide relief to middle class families, the child tax credit has also evolved into a bipartisan tool for lifting kids out of poverty.

Now, President Joe Biden and congressional Democratic leaders want to overhaul the credit, turning it into a guaranteed income stream worth hundreds of dollars a month and broadening it to help millions of low-income families who are currently excluded.

The US has one of the highest child poverty rates of any wealthy country and one of the lowest shares of national spending on children and families. Roughly 1 in 7 kids […]

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