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Child Tax Credit in American Rescue Plan

Floor Speech

Date: May 11, 2021
Location: Washington, DC
Issues: Minors and Children Taxes

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Ms. SCANLON. Mr. Speaker, I rise today to talk about the exciting new child tax credit that is part of the American Rescue Plan. I know the words ``exciting'' and ``tax credit'' don't usually belong in the same sentence, but this is different.

With the child tax credit, families with children under the age of 17 will receive $250 per child per month and $300 per month for kids under 6. These monthly payments can help cover everyday child-rearing expenses--things like food, diapers, or shoes for the teenager who outgrows his every 6 weeks.

More than 119,000 children in my district will benefit from the new child tax credit, including thousands of children who will be lifted out of deep poverty.

Let's be clear: The child tax credit is a special refundable tax credit, so even families who don't earn enough to pay taxes will get the automatic payment. But it is important to file a tax return before the May 17 deadline so you can begin receiving payments as soon as possible.

I look forward to making the child tax credit permanent.

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