I’m glad the Cut Inflation Act will help American workers by reducing health care costs and forcing businesses to pay a fairer share of taxes. I appreciate the work of reps like Rep Kim Schrier who helped make this happen.
But one big thing is missing from the bill – the expanded Child Tax Credit (CTC).
CTC’s expansion into 2021 with monthly payments was nothing short of extraordinary. After payments began in July 2021, child poverty fell by 40%, food security increased, and families were finally able to make ends meet. But Congress let the expanded CTC expire late last year. With child poverty on the rise again and families still grappling with higher costs for rent and food, Congress must bring it back. In Washington State alone, more than 1,433,000 children under the age of 18 have benefited from the expanded CTC. Disaggregated by race/ethnicity, the number of children who received the expanded CTC was as follows (according to the March 2019 U.S. Census Bureau population survey):
■ 791,000 whites
■ 332,000 Latinos
■ 59,000 Blacks
■ 85,000 Asians
■ 165,000 Children of other races or multiracial
Congress is expected to pass a bipartisan tax bill later this year that will include tax breaks for corporations. This bill must first put children and families first. I urge our members of Congress to pass an expanded child tax credit that reaches low-income families and includes monthly payments in all tax legislation this year.