Child tax credit lifted 3 million kids from poverty in July
“The first installment of the child tax credit lifted 3 million kids out of poverty in July, according to a Columbia University study.
That reduction represented a 25% cut in the monthly child poverty rate to 11.9% from 15.8%, according to the analysis published Friday.
‘This is huge for low-income families,’ said Zachary Parolin, a researcher at the university’s Center on Poverty and Social Policy and a report co-author.”