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.
Register to view a recording of this webinar here. Find slides here.
There is a way to enact legislation in the Senate with only a simple majority (51 votes, not 60): it requires Congress to pass a joint budget resolution with “reconciliation instructions.” This webinar will explain how it works: what is allowed through reconciliation; what isn’t; how often this tactic can be utilized; likely timetables. We’ll discuss this in the context of the COVID Rescue Plan being advanced by the incoming Biden Administration.
Our expert presenters:
Joel Friedman, Vice President, Federal Fiscal Policy, Center on Budget and Policy Priorities
Tamara Fucile, Senior Advisor for Government Affairs, Center on Budget and Policy Priorities
Moderator: Debbie Weinstein, Executive Director, Coalition on Human Needs
This webinar is best suited to advocates who are working on federal policies/funding related to all aspects of the pandemic.
Want to dive in further? Here are some excellent resources on reconciliation:
“Then, a senator who believes a provision runs afoul of the Byrd rule could raise a point of order, and the presiding officer at that point could decide the point of order is “not well taken,” regardless of the parliamentarian’s advice.
The senator could then appeal the ruling of the chair. But under a special provision of the 1974 law that established the modern budget process, it would require 60 votes to sustain the appeal.”
That is, Vice President Harris could rule that a provision (for example, raising the minimum wage) was allowable, and it would take 60 votes to overrule that decision. By the infrequency of this move, it is clear it would not be done lightly.
We need lots of people to contact Congress in order for the American Rescue Plan to pass. Please help by forwarding this request to your lists for individuals to click and send emails to their senators and representative:
Please tell Congress to enact President Biden’s new COVID rescue plan.
The $1.9 trillion package, according to the New York Times, “includes more than $400 billion to combat the pandemic directly, including money to accelerate vaccine deployment and to safely reopen most schools within 100 days. An additional $350 billion would help state and local governments bridge budget shortfalls, while the plan would also include a dramatic increase in tax credits to help lift children, families, and workers out of poverty, $1,400 direct payments to individuals, more generous unemployment benefits, federally mandated paid leave for workers, food and housing aid, and large subsidies for child care costs.”
The essential legislation also provides critical aid to renters, people threatened with or experiencing homelessness, households unable to pay heat or water bills, and offers an extension of the eviction and foreclosure moratoria. Click on the link below to learn more about the plan and then write to your representative and senators.
If you have any questions please contact Nicolai Haddal: nhaddal@chn.org