Joe Manchin's child tax credit changes could prevent more than 37 million children from getting aid
More than 37 million children could lose the enhanced monthly child tax credit (CTC) if Democrats adopt Sen. Joe Manchin, D-W.V.,'s reported desire to include an income cap of $60,000 per year, a new analysis finds.
The estimation, from the Niskanen Center's Robert Orr and Samuel Hammond, finds 37.4 million children could lose out on the federal aid. That would mean a cut in benefits for 60% of the kids who are currently receiving the monthly payments, worth up to $300 per child.
Manchin's home state of West Virginia would see a 58% cut in recipients with the income cap, with almost 190,000 fewer children qualifying, the analysis finds.
President Joe Biden has made the enhanced CTC a cornerstone of his fight against childhood poverty. Thanks to the American Rescue Plan, which became law earlier this year, the CTC was increased from $2,000 per child to $3,000 or $3,600, depending on the age of the child, for many families. Half of it was made advanceable, and more families than ever qualify as it was extended it to families earning little to no income for the first time.
https://www.cnbc.com/2021/10/21/manchin-could-prevent-37-million-kids-from-getting-child-tax-credit.html
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Just in case
DURec
