On the recordFebruary 1, 2024
Sixty-one million children? Ms. DeLAURO. Yes. There was about 4 million kids lifted out of poverty, almost half the kids in the U.S. lifted out of poverty. Now, what we are talking about in this tax deal is 400,000 kids they talk about being lifted out of poverty versus 4 million. Plus, the 60 million that is made reference to is some piece of it at some portion in some time during this phase-in, et cetera, will be the beneficiary of a much lower tax credit. In addition to that, what people are saying is that we have expanded the child tax credit. Folks out there are going to believe that they are going to be getting what they got in 2021, and it is misinformation. It is just about trying to put a veneer on what has been done here in giving the biggest corporations, as Congressman Scott pointed out in this 3-year period, $185 billion versus $33 billion for the child tax credit. Give me the facts, and that is what we try to do. That is what we have tried to do in the last weeks since this proposal came out is give people the information, the accurate information about what is here. They are hiding it. They are hiding it. And you know what, as I said, it is an unbelievable missed opportunity. I have to say this: I was told when we first went forward on the child tax credit, I wanted it to be permanent. They said we can't do it. We can't afford permanence. I said 5 years. Can't do it. Can't afford it, 5 years. I said 3 years. Can't afford it.…





