WASHINGTON, DC – Today, as new data from the U.S. Census Bureau showed child poverty hit an all-time high in 2021, largely due to the expansion of the Child Tax Credit (CTC), U.S. Senators Sherrod Brown (D-OH), Michael Bennet (D-CO), and Cory Booker (D-NJ) and U.S. Representatives Rosa DeLauro (D-CT), Suzan DelBene (D-WA), and Ritchie Torres (D-NY), released the following statement:
“Today’s census data confirms that expanding the child tax credit has worked: it has paid for the hard work of tens of millions of parents and helped them with the cost of lives, dramatically reducing child poverty and hunger. We should never have allowed this essential program to expire, and we should not extend corporate tax relief at the end of this year without also extending the expanded Child Tax Credit.
The new data published by the Census Bureau demonstrates the profound impact of expanding the Child Tax Credit, helping families meet the cost of living and fight poverty, hunger and homelessness last year . New data reveals that:
- The child poverty rate fell from 9.7% to 5.2% between 2020 and 2021, a drop of 46% in just one year. The child poverty rate is now the lowest on record.
- Without the expansion of the American Rescue Plan’s CLC, child poverty would have been 8.1% and more than 2 million additional children would have been in poverty.