On the recordDecember 14, 2021
It is frustrating, I know, to see such an incredible action taken, where we have made a difference, where the child tax credit already has had a significant impact. The Columbia Center on Poverty found that the October payment of the expanded child tax credit helped ensure 3.6 million American children--3.6 million American children--are no longer living below the poverty line. What does that mean? When a child is raised above the poverty line, their horizons are transformed. It actually saves an incredible amount of taxpayer dollars. For every dollar we spend bringing a child above the poverty line, we return $7 back to our economy. But it is deeper than that. There is a moral urgency. Children below the poverty line have so many more challenges. Their horizons are constrained, their life outcomes are lessened. Above the poverty line, our children start to exhibit their genius. Children raised above the poverty line have higher lifetime earnings. They have lower medical costs. Children above the poverty line are less likely to go to the hospital, less likely to get in trouble with the police. Children above the poverty line have less inhibitions with their contributions to this country. I, too, like my dear friend Senator Brown, have heard lots from people in my State about what this little bit of money in their bank accounts--how that little bit of investment makes a transformation in the lives of those families. Take Kelly in Pitman, NJ.…
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