Children Left Behind by the Child Tax Credit in 2022
Policy Brief Guest User Policy Brief Guest User

Children Left Behind by the Child Tax Credit in 2022

The 2021 Child Tax Credit expansion included the one-third of children formerly left out of the full credit and resulted in historic poverty reduction. The expansion’s expiration excluded these children once again and child poverty rates rose sharply in response. This analysis updates the share and profile of children left out of the full Child Tax Credit in 2022, representing 26% of all children.

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The Costs of Cutting Cash Assistance to Children and Families: Changing TANF work requirements could cost society up to $30 billion per year
Policy Brief Ashley Raquel Morales Policy Brief Ashley Raquel Morales

The Costs of Cutting Cash Assistance to Children and Families: Changing TANF work requirements could cost society up to $30 billion per year

This benefit-cost analysis examines the potential effects of the Limit, Save, Grow Act (H.R. 2811 in the 118th Congress) that would change state Temporary Assistance for Needy Families (TANF) work participation requirements in ways that could result in states restricting or eliminating TANF cash assistance for families with children. Every $1 in TANF cash assistance payments lost to families per year would cost society $8 per year, with the worst case scenario costing society close to $30 billion per year.

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Monthly Poverty Rates among Children after Expansion of the Child Tax Credit</a>
Policy Brief Sonia Huq Policy Brief Sonia Huq

Monthly Poverty Rates among Children after Expansion of the Child Tax Credit

This policy brief discusses the estimated impact of the expanded Child Tax Credit on the monthly poverty rate for July 2021 in the United States. Monthly poverty fell from 15.8 percent in June to 11.9 percent in July, representing a decline of 3 million children living in poverty. This drop in child poverty is primarily due to the first payment of the expanded Child Tax Credit.

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The Costs and Benefits of Expanding the Empire State Child Tax Credit in New York City</a>

The Costs and Benefits of Expanding the Empire State Child Tax Credit in New York City

Research finds that cash and near-cash benefits increase children’s health, education, and future earnings while also decreasing costs with respect to health, child protection, and criminal justice. We find that expanding the Empire State Tax Credit to $1,000 per child for all children in New York City under 17, with the exception of high-income families, would cost about $1.1 billion and would generate about $9.8 billion in benefits to society.

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