The Census Bureau just released national poverty, income, and insurance data for 2023. It’s important to understand income and health insurance trends, but it’s especially important now since Congress will take up major tax legislation in 2025.
One thing we know for sure is that when the Child Tax Credit (CTC) was expanded in 2021, child poverty decreased by 46% overall, with Black and Hispanic/Latino child poverty falling by 6.3 percentage points in each community, impacting 716,000 Black children and 1.2 million Hispanic children. The new data shows that in 2023, the CTC lifted 2.4 million people above the federal poverty line―while important, falling far short of the 5.4 million lifted above the federal poverty line in 2021 by expanded monthly Child Tax Credit payments that included all children in low-income families.
Click here to send a direct message to Congress to expand the Child Tax Credit today.
Many people are facing food and housing insecurity, challenges with high child care costs, and dealing with other hardships that make it harder to make ends meet. Expanding the Child Tax Credit fixes a major flaw in current law: over 18 million children and their families are excluded from the full credit because their parents’ income is too low.
You read that right. Families where a parent can’t work due to illness or being laid off, cannot qualify for the Child Tax Credit at all. And many parents who work at low wages cannot get the full CTC. A single parent earning $15,000 a year and who has two children, will receive less than a family with a parent who has a higher paying job. This is a flaw that does nothing but exacerbate inequity and accelerate the racial wealth gap.
Instead of cutting investments in key programs and services, Congress must prioritize funding for human needs and that means passing an expanded Child Tax Credit that reaches the very poorest households.
Click here to send a direct message to Congress to expand the Child Tax Credit today.
Hosted by the U.S. Child Poverty Action Group, First Focus, the American Academy of Pediatrics , and the National Prevention Science Coalition to Improve Lives, in collaboration with Congresswoman Barbara Lee, Congresswoman Lucille Roybal-Allard, and Congressman Danny Davis
Children continue to disproportionately experience poverty in the United States, and are 62 percent more likely to experience poverty than adults. Yet while the U.S. child poverty rate remains stubbornly high, there is no long-term national strategy, or even a national dialogue, to address child poverty in the U.S. and the negative outcomes associated with it. We know it does not have to be this way. When countries prioritize their children, it results in lower child poverty rates and improved economic outcomes for all of society.
In response to a mandate from Congress, the National Academies of Science, Engineering, and Medicine released a landmark consensus study on child poverty in the United States. This study included analysis of the economic, health, and social costs of child poverty to our society, as well as the effectiveness of current anti-poverty programs–including international, federal, state, and local efforts–to reduce child poverty. Based on this analysis, the study committee issued a set of evidence-based policy recommendations about how to cut the national child poverty rate in half within a decade.
Concurrent with the release of this study, the U.S. Child Poverty Action Group, a partnership of over 20 national organizations, launched a national campaign, End Child Poverty U.S., to garner collective action in calling upon the federal government to make child poverty a priority through setting a national target to cut our child poverty rate in half within 10 years.
Please join the U.S. Child Poverty Action Group, First Focus, the American Academy of Pediatrics, and the National Prevention Science Coalition To Improve Lives for a Congressional briefing, Cutting Child Poverty in Half Within a Decade, to hear from leading experts on this new landmark study and learn how Members of Congress and other stakeholders can utilize its findings to reduce child poverty and its negative consequences in the United States.
Opening Remarks
Moderator
Panelists