Sarah Calame is a research associate on the Federal Fiscal Policy team at the Center on Budget and Policy Priorities.
The House-passed bipartisan tax bill would expand the Child Tax Credit for 16 million children in families with low incomes—including 5.8 million young children —in its first year, bringing them up to or closer to the full $2,000-per-child amount that children in higher-income families receive. The Senate should pass it without further delay. Young children of all races and ethnicities would benefit from the bill’s Child Tax Credit expansion.
Looking at these children under six, we estimate that: 39% of all Black; 37% of all Latino; 34% of all American Indian or Alaska Native; 16% of all white; and 15% of all Asian children of these ages would benefit. The expanded Child Tax Credit would provide meaningful support to families. Consider, for example, a married couple with a kindergartner, a toddler, and a newborn. One parent earns $30,000 as a cashier while the other parent stays home to care for their children.
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