On the recordAugust 6, 2022
Madam President, pathetically, the United States has the highest child poverty rate of almost any major country on Earth, and it is especially high among young people of color. This is the wealthiest Nation on Earth; we should not have the highest rate of childhood poverty of almost any country. The American Rescue Plan included a $300-a-month child tax credit, which ended up lowering the child poverty rate in America by over 40 percent--over 40 percent reduction in childhood poverty, which, in my view, was an extraordinary achievement. Unfortunately for the millions of working parents who benefited from this program, it expired in December. This amendment would restore the expanded child tax credit for 4 years and give millions of working families the opportunity to raise their children in dignity and security, and it would be fully paid for by restoring the top corporate tax rate from 21 percent to 28 percent. Let us reduce child poverty in America. Let us demand that the largest corporations start paying their fair share of taxes. I urge my colleagues to vote for this amendment. The PRESIDING OFFICER. The Senator from Ohio.
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