Child Care Tax Credit

Child Care Tax Credit

Feb 10, 2021 | Fact Sheet | Ashley Burnside

Under the American Rescue Plan, President Biden expanded the existing child tax credit (CTC) and made it fully refundable, both increasing the benefits families receive and allowing families to receive increments of the benefit monthly. Now we need to make it permanent. 

To support child care through COVID and to ensure a robust recovery and an equitable economy in the future, child care requires at least $50 billion in direct public spending to support providers and families.