Posted inEconomic Equity

How an expired pandemic-era policy doubled child poverty rates

In 2021, when federal lawmakers cut child poverty rates in half, it wasn’t a magic trick. It was the result of a policy move, an expansion of the Child Tax Credit (CTC) in the $1.9 trillion American Rescue Plan Act, which led to the largest drop in child poverty ever recorded. Lawmakers, it seemed, had found a viable solution: giving people money, no strings attached.