Tag: child tax credit

Preschool classroom

To gauge how much the federal government’s COVID assistance helped the nation’s disadvantaged children, consider what happened after the relief stopped. Millions of low-income children have lost their health insurance and the COVID tax relief that had lifted their families out of poverty. In March 2020, President Trump signed the Families First Coronavirus Response Act,…

family photo

The fate of the recent expansion of the federal child tax credit is uncertain in the ongoing budget negotiations in Congress. What is clear is that poor and low-income families are putting the increased assistance to good use. Nine out of 10 families earning less than $35,000 are spending the money on one or mor…