Expansion of child tax credit led to record low child poverty, research shows.
Vice President Kamala Harris delivers remarks on the Child Tax Credit/ Earned Income Tax Credit Day of Action at the South Court Auditorium of the White House, Feb. 8, 2022 in Washington, DC.With the economy a priority for many Americans in the upcoming 2024 election, the Democrats and Republicans are pitching plans to tackle the financial burden facing families nationwide.
“It's a smart economic investment for our country, and I was thrilled that both parties are recognizing that bipartisan nature of it, and both stepping forward to say we could take better care of our littlest and most vulnerable citizens,” said Holly Fogle, president of The Bridge Project, a privately funded guaranteed income project for new mothers.
The recipient, who asked to be anonymous for privacy reasons, told ABC News that she and her husband separated while she was pregnant. When she left her job to give birth, she was left financially vulnerable, and the program supported her in getting the necessities for her baby. The Bridge Project found that for the first cohort of mothers, savings increased by 242% and access to child care increased 63%.
Similarly, the Healthy Beginnings Project, privately funded by children’s accessory company Goldbug, provides pregnant participants experiencing economic hardship in Colorado with a monthly guaranteed income of $750 for 15 months.
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