That’s because for the first time ever, we are recognizing raising kids as essential work with a bigger Child Tax Credit (CTC) for more families, and the option to get your tax credit as a monthly check or direct deposit.
That’s why Congress worked to include a dramatic expansion of the CTC and the Earned Income Tax Credit (EITC) in the American Rescue Plan passed in March this year. And because a hard day’s work still doesn’t begin to cover expenses for millions of parents, it’s now more urgent than ever that Congress make these expanded tax credits permanent.
This is one of our biggest victories for working families in decades — but unless Congress acts, it will be temporary. The CTC and EITC were only expanded for tax year 2021. We can’t allow them to expire. Families’ expenses — from daycare to diapers — aren’t going away in a year, or in five years.
Americans have spent years watching politicians in Washington hand out tax cuts to corporations and the wealthiest sliver of the country. Now is the time to show workers and their families that we’ll be on their side — not only during this pandemic, but permanently.