President Joe Biden said he wanted to bring back and keep in place the policy of child tax credits, pointing out how helpful they are for low-income families and the business as a whole. Making child care more affordable is in line with his goal of giving American families more economic possibilities.
In 2021, the child tax credit was enhanced to help families during the pandemic. For six months, eligible families received $300 checks per child, per month. This support worked! Child poverty rates went down, and families could breathe a sigh of relief.
President Biden says it’s simple: When parents will have affordable child care, they can work without worrying about their kids. This leads to a stronger economy. He wants to make sure families have access to child care, so they can thrive.
Promise to Reduce Child Poverty
President Biden stated that the child tax credit will be permanent. He’s seen how it helps reduce child poverty, especially in marginalized communities. He’s committed to ensuring families continue to receive this vital support.
Some states haven’t waited for federal action. Fourteen states have their own child tax credit, and 31 states have similar measures. This shows that people recognize the need for affordable child care and financial assistance.
President Biden’s Plan
President Biden’s plan is about creating a better future for American families. By making child care more affordable and providing financial assistance, he aims to promote economic stability and growth. Will you support this initiative?
