About 16 Million Children in Low-Income Families Would Gain in First Year of Bipartisan Child Tax Credit Expansion

The bipartisan Child Tax Credit expansion in the tax bill negotiated by Senate Finance Committee Chair Ron Wyden and House Ways and Means Committee Chair Jason Smith takes an important step toward making the credit work for children in families with low incomes. This report from the Center on Budget and Policy Priorities outlines the short- and long-term impact that the proposed CTC expansion could have in lifting children out of poverty.