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Los Angeles Times
Los Angeles Times
Business
Michael Hiltzik

Michael Hiltzik: The Child Tax Credit is our greatest antipoverty program. Why is Congress letting it wither?

Here are some documented truths about the federal Child Tax Credit:

— The enhanced credit, enacted in March 2021 as part of the American Rescue Plan, the government's pandemic relief package, reduced the child poverty rate by about 30%, keeping as many as 3.7 million children out of poverty by the end of that year.

— When the enhancements expired in January, the child poverty rate spiked to 17% from 12.1%, plunging 3.7 million children back under the poverty line. The impact was much worse on Black, Latino and Asian children than on white ones.

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