Letter: “We have seen what Child Tax Credit benefits can do, especially when reaching the most vulnerable among us. We must put our money where our mouth is and invest in our children, our families, and our country’s future,” writes Ellen in Murray.
However, those expired in December and were not extended via the Inflation Reduction Act. Sen. Mitt Romney has proposed the Family Security Act 2.0 as a legislative fix. It would provide monthly benefits of $350 for each young child and $250 for those 6-17 years. Sadly, however, he does not see this measure as an effort to combat poverty, but only as strengthening marriage and encouraging larger families.
Rescue Plan data show that families used the expanded CTC benefits for basic necessities such as food, rent, child care, debt reduction and school expenses. This improved financial stability for children will substantially improve their ability to break intergenerational cycles of poverty by reducing malnutrition and housing instability, while improving school success and future earnings
Accordingly, we applaud Sen. Romney’s efforts, but also encourage him to draft a version 3.0 that addresses these structural concerns, and to bring his Republican colleagues on board. We have seen what Child Tax Credit benefits can do, especially when reaching the most vulnerable among us. We must put our money where our mouth is and invest in our children, our families, and our country’s future.
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