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.
Let’s Stand Together in a Time of Emergency: The Mass Poor People’s Assembly and Moral March – ONLINE – Saturday, June 20
This pandemic and economic collapse, along with the recent wave of police brutality and racist murders, have forced this nation into an unprecedented season of crisis and action. The harshness of this emergency results from a deeper and much longer-term crisis, of systemic racism and inequality. The extra burden of death inflicted on Black victims of the coronavirus is a painful legacy of our nations’ racism. In fact, 14,400 more Black Americans would be alive if they died at the same rate from COVID-19 as White Americans. But even before the pandemic, discrimination and deeper poverty visited upon communities of color have created harm that we must work together to end.
This is a time that calls for us to join together, and empower the leadership emerging from poor and dispossessed people that is paving the way forward. And the Poor People’s Campaign has convened a historic, unprecedented digital event to lift these voices.
The Mass Poor People’s Assembly and Moral March on Washington is a 2.5 hour program that will be broadcast on Saturday, June 20th at 10am ET. There will be rebroadcasts at 6pm ET, and again on Sunday June 21st at 6pm ET, at June2020.org. Join CHN and our friends at the Poor People’s Campaign by registering here.
We cannot stress this enough: The June 20 digital rally will be an online rally without precedent. We are coming together to demand that the millions of poor and low-income people in our nation — from every race, creed, gender, sexuality and place — are no longer ignored, dismissed or pushed to the margins of our political and social agenda. Poor and low-income leaders will touch on a host of issues from healthcare to systemic racism, voting rights, housing, water, education, war and peace, and more. You’ll hear from some movement leaders with a history of supporting these causes. And to top it all off you’ll hear some great music from people around the country.
There are so many ways to get involved: By registering, you can take a selfie to have yourself included among thousands of others; your members of Congress will get an invite to join; and you’ll learn about voter registration opportunities and how to get involved in this movement for the long haul.
Register for June 20, 2020 here and tune in for the broadcast on June 20 at 10 AM ET. You can also watch the rebroadcasts at 6 PM ET or on June 21 at 6 PM ET at June2020.org.