Register for Oct. 13 webinar on the impacts of the expanded Child Tax Credit
On Oct. 13 from noon to 1 p.m., join the Institute for Research on Poverty (IRP) for a webinar examining the early effects of the expanded Child Tax Credit (CTC). A number of speakers – including Diane Whitmore Schanzenbach, Zachary Parolin, Samuel Hammond, and Timothy Smeeding – will discuss how the expanded CTC has affected food security, poverty rates, and the overall economy. Register today!
The Child Tax Credit places money directly back into families’ pockets, which helps them afford necessities like housing, food, and clothing. We know that this additional money has long-lasting positive impacts on child outcomes, especially when children are young. One study showed that boosting the income of families with young children by $3,000 per year is associated with a variety of improved outcomes in adulthood for the kids in those families. These outcomes included increased adult earnings, increased hours worked as adults, and higher scores on the SAT.
However, the improvements to the CTC are only temporary. It is critical that Congress act now to make the expansion permanent. As Congress and the Biden administration negotiate the Build Back Better legislation, here are three easy things you can do to advocate for the permanent expansion of the CTC:
- Visit this advocacy hub to quickly and easily connect with your members of Congress by phone.
- Post on social media using this toolkit from the Automatic Benefit for Children (ABC) Coalition to raise awareness for the need to keep the CTC strong.
- Share these resources with your networks and colleagues and encourage them to act.
Policies like the Child Tax Credit help support the well-being of kids both now and in the future. Furthermore, these policies exemplify our collective commitment to providing the best chance for every kid to thrive, and actively demonstrate our values of equity for every Colorado family.