Children Left Behind by the Child Tax Credit in 2022
Policy Brief Guest User Policy Brief Guest User

Children Left Behind by the Child Tax Credit in 2022

The 2021 Child Tax Credit expansion included the one-third of children formerly left out of the full credit and resulted in historic poverty reduction. The expansion’s expiration excluded these children once again and child poverty rates rose sharply in response. This analysis updates the share and profile of children left out of the full Child Tax Credit in 2022, representing 26% of all children.

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What Would 2022 Child Poverty Rates Have Looked Like if an Expanded Child Tax Credit Had Still Been in Place?
Policy Brief Guest User Policy Brief Guest User

What Would 2022 Child Poverty Rates Have Looked Like if an Expanded Child Tax Credit Had Still Been in Place?

The sharp spike in child poverty from 2021 to 2022 represents the largest year-over-year increase on record and is largely the result of the expiration of the 2021 temporary Child Tax Credit expansion. This policy brief examines what 2022 child poverty could have been if an expanded Child Tax Credit had been continued.

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A Benefit-Cost Analysis of Child Care Subsidy Expansions: The New York State Case
Working Paper Megan Curran Working Paper Megan Curran

A Benefit-Cost Analysis of Child Care Subsidy Expansions: The New York State Case

This paper estimates the benefits and costs of a proposed New York State policy reform to provide child care subsidies to families up to three times the federal poverty line while supplementing child care worker compensation, alongside alternative program design options. It estimates a net present value of $12.4 billion in yearly social benefits relative to a yearly cost of $1.6 billion.

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Impact of the Expanded Child Tax Credit and its Expiration on Adult Psychological Well-being
Sonia Huq Sonia Huq

Impact of the Expanded Child Tax Credit and its Expiration on Adult Psychological Well-being

This article investigates the effects of the expanded Child Tax Credit and its expiration on psychological distress of adults in households with children and its differential effects by gender, education, marital status, and race and ethnicity. The expanded Child Tax Credit led to a significant reduction in mild - but not moderate or severe - symptoms of psychological distress, especially among female, single, married, and Hispanic adults.

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Effects of the Expanded Child Tax Credit on Household Spending: Estimates Based on U.S. Consumer Expenditure Survey Data
Working Paper Sonia Huq Working Paper Sonia Huq

Effects of the Expanded Child Tax Credit on Household Spending: Estimates Based on U.S. Consumer Expenditure Survey Data

In partnership with the Bureau of Labor Statistics, this NBER working paper is the first to use nationally-representative expenditure data to examine the impact of the expanded Child Tax Credit on household spending. Families used the monthly payments to enhance child and household well-being, mainly on food, housing, and child-related goods and services.

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