Washington, D.C., January 31, 2024 – Bread for the World welcomed the House of Representative’s passage of the Child Tax Credit (CTC) expansion included in the bipartisan, bicameral Tax Relief for American Families and Workers Act. Bread now urges the Senate to quickly pass the legislation.
Approximately 16 million children will benefit from the CTC expansion, including nearly 3 million children under age 3. Once the CTC expansion is in full effect, 500,000 children will be lifted out of poverty.
The following statement can be attributed to Rev. Eugene Cho, president and CEO of Bread for the World:
“Bread for the World welcomes the House of Representative’s passage of the expanded Child Tax Credit. The CTC expansion will serve as an important lifeline for millions of families with children struggling to make ends meet. This is especially true for families who in the past have not made enough to receive the full tax benefit but will now be eligible to do so.
“Now that tax season has begun, Bread hopes the Senate will act with urgency and quickly pass the expanded CTC so that families are able to include it when they file their taxes.”
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Additional resources from Bread for the World on the Child Tax Credit:
Urge Your Senators to Vote Yes on Child Tax Credit Expansion
