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.
President Trump’s latest budget proposal is out. And it’s every bit as bad as we feared.
Recently, President Trump asked a crowd of his donors: “Who the hell cares about the budget?”
We do, and we think you should too. Why? If the new one is similar to his past proposals, there will be very big cuts proposed for human needs programs. Congress has rejected these in the past. But his plans matter, because the Trump Administration has aggressively sought to carry them out through administrative rule-making and moving or refusing to spend money despite Congressional intent.
In this webinar, you’ll hear from experts about what the Trump budget would do and how it would affect people across America now and into the future.
You’ll find out more about how the President’s proposals will affect low- and moderate-income people through likely cuts to Medicaid, SNAP, housing, help for people with disabilities, education and job training, social services, and public health programs. You’ll learn about the impact of tax cuts – who benefits and who is hurt by the loss of revenue.
You’ll also get tips on how to talk about the choices the budget makes, its winners and losers, and how fairer and more sensible choices can better meet our nation’s needs. You’ll get social media tools so you can be a part of a national debate on the right budget choices.
Speakers:
Tamara Fucile: Tamara is Director for Government Affairs and Senior Advisor for the Center on Budget and Policy Priorities. Tamara helps direct the Center’s work with federal policymakers and with other national organizations on a broad range of policy issues, including federal budget and appropriations, nutrition programs, and housing issues. A great budget expert, she served as Associate Director for Legislative Affairs at the Office of Management and Budget from 2014 to 2017.
Deborah Weinstein: Debbie is Executive Director of the Coalition on Human Needs. In her 16 years at CHN, she has focused on educating advocates about how to engage in critical federal budget choices on behalf of low-income people.
Accessibility Assistance: The webinar will be captioned. The webinar will also be recorded, and all registrants will get the recording link with captions, slides, and follow-up information.