Political Quotes

“it is a wonderful moment to be here with my colleagues to acknowledge that in March we passed the biggest reduction in poverty in generations in our country. That was through the expansion of the child tax credit, which increased the credit, made it payable on a monthly basis, and, for the first time in American history, made it fully refundable so the millions of children in this country who were too poor to get the benefit of the credit because their families were too poor would get the benefit of that credit. And we needed to do it. The United States, before we passed this, was 38th out of 41 industrialized countries in the world when it came to childhood poverty. The poorest generation in this country are our children, and I think what we said was that there is no reason for us to accept those outcomes or those numbers as a permanent feature of our economy or our democracy. And in the end, this isn't about numbers. This is about children all over our country and the future of the United States of America. Childhood poverty costs this country a trillion dollars a year, and one of the things we decided was that maybe, instead of paying for the effects of childhood poverty, we could actually begin to try to reduce the amount of childhood poverty that exists in our country, the way other countries around the world have already done it. Nationally, the child tax credit, as I say, is cutting childhood poverty in half.…”