child tax credit

Congress is considering a bill that would boost tax breaks for low-income families with children. The proposal is still awaiting action by the U.S. Senate.

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Payments from the child tax credit were closing the gaps on child hunger and poverty. But Congress failed to renew it. Now families who need it most have already slipped back into financial trouble.

The failure to renew the enhanced Child Tax Credit continues a long tradition in America: Our welfare system has long spent generously on the old, but it has consistently skimped on the young. A new paper investigates why.

In one month, the child poverty rate increased from 12.1% to 17%, the highest rate seen since Dec. 2020. Black and Latino children experienced an even higher rate of poverty.

Taxpayers seeking access to some information about their taxes were to be required to submit to facial recognition software, a move that has raised privacy concerns.

The monthly cash payments reached more than 61 million kids in December alone. Most low-income families spent the money on basic needs like food, clothing and utility bills.

The IRS is "in the roughest shape it's been in in 50 years," says former commissioner Mark Everson. The agency, he says, is understaffed, has more work than it can handle and is underfunded.

January is the first month since July 2021 that more than 36 million families in the U.S. did not receive money from the expanded child tax credit program. For some, the consequences are already dire.

The people who take care of and educate children under 5 years old, who are too young to be vaccinated, are in a special kind of hell right now.

Because the Build Back Better agenda was not passed by the Senate before the end of the year, the last payment of the expanded child tax credit program went out this month.

The United States is one of a handful of countries, and the only wealthy nation, without a national paid leave policy.