This report presents findings from a survey of families with children conducted in July 2022 on the impacts of the CTC in the United States and Puerto Rico.
CLASP President and Executive Director Indivar Dutta-Gupta testified to the Senate Finance Committee's Subcommittee on Taxation and Oversight about the Child Tax Credit, its history and track record, and what Congress should do now.
CLASP provided a written statement for the record to the United States Senate Committee on Finance in response to a hearing on anti-poverty and family support provisions in the tax code. Download statement here.
Expanding EITC for Young Adults The American Rescue Plan Act (ARPA) temporarily expanded Earned Income Tax Credit (EITC) eligibility for the 2021 tax year to young workers (19-24) who don’t have dependent children and increased the maximum credit from $542 to $1,502. This EITC expansion…
Providing Income to Unemployed Workers Federal Pandemic Unemployment Assistance—enacted by the Coronavirus Aid, Relief, and Economic Security (CARES) Act—helped people unable to work due to the pandemic. This included self-employed workers, those seeking part-time employment, or people who otherwise wouldn’t qualify for regular unemployment benefits.…
Expanding the Child Tax Credit In 2021, the Child Tax Credit (CTC) lifted 1 million children under 6 and nearly 2 million children between 6 and 17 out of poverty, when using the Supplemental Poverty Measure. The expanded CTC, which disproportionately benefitted Black and Hispanic…
The 2021 Child Tax Credit (CTC) expansions demonstrated that monthly cash payments provided with little administrative burden effectively reduce child poverty and food insecurity.
The release of 2021 poverty and health insurance coverage data from the U.S. Census Bureau demonstrates how government action in response to the pandemic stabilized households, uplifted millions of people from poverty, and brought uninsurance rates to historic lows.
Two recent surveys of low- to moderate-income parents in the continental U.S. and Puerto Rico demonstrate the importance of the Child Tax Credit (CTC), finding that the CTC is reaching a majority of families and increasing their ability to afford basic necessities.