Proposal would permanently increase child tax credit: How much families would get
“Child poverty was driven to an unprecedented low last year, thanks in part to a bigger-than-ever child tax credit. As U.S. lawmakers enter their lame-duck session, they’ll have to decide whether to permanently expand the credits, which dropped back to pre-pandemic levels this year. Advocates for children say doing so could keep more than half a million Michigan kids out of poverty. Pandemic-era changes to the child tax credit were part of the reason child poverty dropped by half in 2021, to a historic low of around 5%. But the Michigan League for Public Policy points out what it calls a flaw in the credit’s design: It was never available to families with the lowest incomes.”