Millions of Families Waking Up with More in the Bank Today Thanks to the Biden Child Tax Credit
From the Speaker’s Press Office:
Through the Biden Child Tax Credit, House Democrats and the President have delivered for America's working families. While Congressional Republicans abandoned families, Congressional Democrats fought for them. The Biden Child Tax Credit will make historic strides in cutting child poverty, empowering millions of working families and bolstering local economies to Build Back Better.
Outlets across the country are celebrating the impact of the Biden Child Tax Credit for families in their communities:
Associated Press: Money in the bank: Child Tax Credit dollars head to parents
“The child tax credit had always been an empty gesture to millions of parents like Tamika Daniel.
That changed Thursday when the first payment of $1,000 hit Daniel’s bank account — and dollars started flowing to the pockets of more than 35 million families around the country. Daniel, a 35-year-old mother of four, didn’t even know the tax credit existed until President Joe Biden expanded it for one year as part of the $1.9 trillion coronavirus relief package that passed in March.
But the extra $1,000 a month for the next year could be a life-changer for Daniel, who now works as a community organizer for a Richmond nonprofit. It will help provide a security deposit on a new apartment.”
“Detroit Mayor Mike Duggan told eligible families Monday that federal child tax credit funds may ‘lift many city residents out of poverty.’
Duggan said he estimates 90% of Detroit families with children will be eligible for the funds, ‘no strings attached.’”
ABC 8 News, Henrico, VA: Unemployed Henrico mom shares why new child tax credit arriving this week is a ‘breath of fresh air’
“Henrico mom Abbey Conley and her 3-year-old son Seth are trying their best to smile through a difficult time in their lives. ‘When the pandemic hit, we were told preschools closed,’ Conley said. Childcare and socialization for Seth became an issue. That’s when Abbey lost her part-time income to take care of him.
Starting Thursday, the first round of child credits that congress significantly ‘beefed up’ will be sent out. She’ll get $300 a month from the IRS for six months. The rest will come when she files her taxes next spring.
In total, Conley will receive $3600 annually compared to just $2000 in previous years. She called it ‘a breath of fresh air,’ in an interview with 8News on Tuesday. ‘It’s gonna be a big thing just to help with credit card bills, and food, and all those monthly things.’”
WAFB 9 News, Baton Rouge, LA: Hundreds of thousands of La. residents set to receive money from Child Tax Credit Expansion
“Hundreds of thousands of Louisiana households could begin getting direct payments Thursday, as part of the expanded child tax credits.
“So, it truly is something for everyone. Black, white, Republican, Democrat, it’s an American thing, it’s a Louisiana thing, it’s a people thing,” said the Congressman [Carter].
“Hoping that we can use it on things that he needs,” said Triniece Finley, who attended the town hall.
Finley is a single mom and says every little bit helps when it comes to extra money for her 6-year-old son Logan.”
“The approach is notable both for its wide reach - the checks issued this week will reach nearly 90% of U.S. children, according to Internal Revenue Service estimates - and for distributing half the money monthly instead of in one lump at tax time.
‘It’s really giving families the help that they need in the moment to help meet some of their basic needs,’ said Mario Cardona, chief of policy and practice for Child Care Aware of America, an advocacy group.”
“‘This is the biggest anti-poverty effort since Lyndon B. Johnson’s War on Poverty,” said Joshua McCabe, a historian of U.S. welfare policy at Endicott College. “This is a once-in-a-longtime chance to significantly reduce child poverty.’”
NBC 6 News, Omaha, NE: Omaha group, parents say child-tax-credit funds will be big help
“Millions of parents should see more money in their checking accounts as early as tomorrow.
The Biden administration’s American Rescue Plan increased the child tax credit from $2,000 per child to $3,600 per child. And parents will now receive half of that benefit through monthly payments.
‘If they need help with housing, or food, or diapers, or child care, or whatever that need is, this can help fill some of that gap,’ said Aubrey Mancuso, executive director of Voices for Children, an organization that helps families and kids.”
KETY, Memphis, TN: Child Tax Credit rolls out to millions of American bank accounts
“Memphis real estate agent Evelyn Mitchell Irby saw business drop dramatically when the pandemic started, then life-changing news hit the mother of two. ‘I've been battling Lupus since 2017 and I had breast cancer surgery February 25th. So, that was a huge undertaking, just taking the time off and the recuperation,’ she says.
She had to stop working for months of recovery and the bills piled up. But now Mitchell Irby and millions of other parents are getting some extra money from the government.”
ABC 36, Lexington, KY: Child tax credit payments begin arriving today for almost one million kids in state
“‘Experts estimate ARPA’s improvements to the CTC will reduce child poverty in Kentucky by 44% this year. Research shows that programs like this are linked with long-term benefits for kids including better health, higher educational attainment and increased earnings later in life,’ said Jason Bailey, executive director of the Kentucky Center for Economic Policy.”
Los Angeles Times: The new child tax credit will remake American family life for the better
“‘It’s a massive expansion of a credit that’s been around for a long time but only helped some families,” says Natalie Foster, co-chair of the Economic Security Project, which presses for programs to place more economic power in the hands of ordinary Americans. ‘This will help virtually all families.’”
“Atlanta mom Emily Laney is slated to get a $600 monthly child tax credit deposit. ‘Yeah, it is really helpful for us,’ she said.
She’s going to put it toward her two daughters’ preschool tuition. ‘So we knew it would really help relieve that stress for us of paying for preschool.’
Laney’s family is among 39 million eligible households.”