Income inequality in the U.S. increased last year for the first time in more than a decade, but childhood poverty was cut almost in half due to expansion of the federal government’s child tax credit and stimulus payments made in response to the COVID-19 pandemic, according to new survey results released Tuesday, Sept. 13, by the U.S. Census Bureau.
Congresswoman Maxine Waters joined Speaker of House of Representatives Nancy Pelosi on August 12 to discuss the advancement of the Child Tax Credit implemented this year.
“I’m jumping with joy!”Rep. Maxine Waters celebrates the expansion of the child tax credit.
This month, we are again making progress on one significant front in the fight against poverty. American families will begin receiving monthly Child Tax Credit checks on July 15; thanks to an expansion of the popular program in the American Rescue Plan (ARP), that was signed into law by President Biden in March with only Democratic support. The Center for Poverty and Social Policy at Columbia University projects that this provision will cut the child poverty rate in half this year.
Monthly payments will begin on July 15 for the Child Tax Credit in President Biden’s American Rescure Plan
“Protect your children and your grandchildren, protect those who you come in contact with,” Congressman Clyburn stated during the annual National Newspaper Publishers Association Fund’s (NNPAF) Black Press Week. “Take the shot. It’s safe to do,” the congressman declared during an interview with Real Times Media President and CEO Hiram Jackson.
“…across the country, advertising – particularly on urban radio – tempts listeners with easy ways to get a loan against anticipated tax refunds. But just like other predatory lending products, what is advertised is not quite what consumers receive.