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CNBC – There’s new optimism the $300 monthly child tax credit checks can be renewed

10. 08. 2022

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This article originally appeared in CNBC

“I feel better about it than I have at any point in 2022,” said Adam Ruben, campaign director at the Economic Security Project, an advocacy organization that promotes extending economic power to all.

A number of signs are pointing to new momentum, according to Ruben.

President Joe Biden called the enhanced child tax credit “one of the most effective programs we’ve ever seen” at the recent White House Conference on Hunger, Nutrition and Health.

“That’s why my national strategy calls on Congress to expand the child credit permanently,” Biden said.

“We’ll get it done this time,” he added.

Recently released Census data shows the credit expansion helped reduce child poverty by more than 40%. That prompted Democratic lawmakers such as Sens. Michael Bennet of Colorado, Sherrod Brown of Ohio and Cory Booker of New Jersey to call for extending the enhanced credit before year-end.

“It would be unconscionable for Congress to leave at the end of this Congress, at the end of this year, go home on vacation and leave working families hanging,” Ruben said.