Nearly $197 Million Delivered in Tax Cuts to 79,000 Families in 1st District in 2021
(D-Ill.) announced that, with the final payment going out
on December 15, the expanded monthly Child Tax Credit
will have delivered a total of nearly $197 million in tax cuts
to more than 79,000 families in Illinois’s 1st District in 2021.
Rush voted for the expanded monthly Child Tax Credit (CTC)
as part of the American Rescue Plan, which was signed into
law by President Biden in March.
Statewide, an estimated $3.45 billion in tax cuts will have
been delivered by the end of the year to more than 1.3 million
Illinois families as a result of the expanded Child Tax Credit.
Nationwide, 90 percent of families with kids — more than
36 million American families — received monthly Child Tax
Credit tax cuts this year. The House-passed Build Back Better
Act, which Rep. Rush helped write, would extend the expanded
CTC for another year.
“My vote for Child Tax Credit as part of the American
Rescue Plan was one of the proudest votes I have ever taken
during my time in Congress,” said Rush. “The expanded
monthly Child Tax Credit is the greatest American anti-poverty
program of the last 50 years, and it has led to meaningful
declines in child hunger and child poverty in the 1st District
and across our nation.”
“America is the richest country in the world, and yet, far
too many of our children are living in poverty,” Rush continued.
“I was raised in a single-parent household, and growing
up, I remember times when all there was to eat in the pantry
was bread and syrup. The Child Tax Credit would have helped
my mother put food on the table, and I am delighted and
grateful that it has helped more than 79,000 families in the
1st District afford food, clothing, school supplies, and other
essential items. We cannot let a tax cut this impactful and
important expire. We must extend it by getting the Build Back
Better Act signed into law.”
The American Rescue Plan expanded the Child Tax
Credit to up to $3,600 per child for children ages 0 to 5,
and $3,000 per child for children ages 6 to 17, one of the
largest-ever single-year tax cuts for families with children.
The American Rescue Plan also authorized advance
monthly payments of that tax cut beginning in July and
running through December 2021, allowing families to
receive up to $300 a month per child for children ages 0
to 5 or $250 a month per child for children ages 6 to 17
each month. Families will receive their remaining expanded
Child Tax Credit when they file their 2021 tax return.
Because the CTC was made fully refundable, previously
ineligible low-income families have been able to receive the
full credit.
In July, Rep. Rush joined families and representatives from
Ada S. McKinley Community Services in the 1st District for
a press conference highlighting the impact of the Child Tax
Credit.
More information about the Child Tax Credit is available at
ChildTaxCredit.gov.
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