New research from the Center on Budget and Policy Priorities examines the implications of expanding full Child Tax Credits to those whose low earnings only presently qualify them for a partial credit. Findings suggest that not only would this strategy reduce financial hardship, it would also reduce racial and ethnic income disparities by benefiting 18 percent of Latina women and 13 percent of Black women, compared with 5 percent of white women, and increasing average credit values across all families by $2,300. This policy shift is especially important considering COVID-related job losses that reduced many low wage workers’ earnings for the year, potentially dropping them below the current threshold for full credit eligibility. #racialequity #workforce #covid-19
Making child tax credit fully available would benefit 6 million women of color
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