2023-07-08 18:11:11
Among the programs with the most benefits for the population of the United States in 2021 was the Child Tax Credit (CTC). Two years ago, households that had children received monthly financial aid and the figures were conditioned by the number of children and their ages. Several investigations were carried out when this measure ended and it was shown that many homes lowered their standard of living. For this reason, there are congressmen who are proposing a CTC with a value of $300.00 USD each month. In addition, it is planned to deliver up to $2,000.00 USD for newborns.
Representative Rosa DeLauro reported that nearly 250 US politicians agree with the initiative. This measure comes from the Democratic Party and many Republicans are in favor of it.
This trend indicates that there are great possibilities of being approved as a final law. This majority wish is similar to the American Rescue Plan that included the CTC.
The changes that are announced
The new project has transformations to the child tax credit of 2021. Of the changes that are introduced, there is the abolition of a requirement on obtaining the maximum CTC.
It is also expected to increase the tax credit up to $250.00 USD during every month for children over 6 years of age. It is intended to maintain the CTC of $300.00 USD per month for children under 6 years of age.
It is also the intention to continue contributing the bonus of $2,000.00 USD to families that welcome the birth of a baby. Mrs. DeLauro outlined the new financial support plan during the previous month.
Rosa DeLauro’s arguments focused on the importance of government assistance for parents. They have the difficult task of covering household expenses and providing a healthy education for their children.
Other legislators expressed their support for DeLauro, such as Suzan DelBene and Ritchie Torres. These congressmen alleged that the CTC in 2021 helped a number of over 61 million minors. Approximately 4 million children came out of poverty.
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