PRESS RELEASE: FACTSHEET: THE REAL IMPACT OF A FAILURE TO EXTEND CHILD TAX CREDIT ON WEST VIRGINIANS
FOR IMMEDIATE RELEASE
December 16, 2021
Maddy McDaniel, Communications Director
[email protected] or 914-471-7716
FACTSHEET: THE REAL IMPACT OF A FAILURE TO EXTEND CHILD TAX CREDIT ON WEST VIRGINIANS
93% of West Virginia Children Will Benefit From a CTC Extension, Helping Their Families Put Food on the Table and Pay Bills
WASHINGTON, D.C. — While the Senate discusses extending the expanded Child Tax Credit the Build Back Better Act, its benefits to West Virginia families are set to expire on January 1. West Virginia is one of the biggest beneficiaries of the expanded Child Tax Credit, according to the West Virginia Center on Budget & Policy.
Here’s how West Virginians will be impacted by a failure to extend the expanded Child Tax Credit:
Extending the Child Tax Credit will benefit 93% of children in West Virginia
Joint Economic Committee: “In West Virginia, 305,000 children qualified for advance CTC payments in November… Households in the state received 181,000 payments… The average payment per household was $438.”
Center on Budget and Policy Priorities: 93% of West Virginia children would benefit from permanent expansion of the child tax credit.
Without the Child Tax Credit, West Virginians said they wouldn’t have been able to put food on the table or pay their heating bills
West Virginian Melissa Boyes: “The new monthly payments of $250 my family and I are receiving as part of the expanded child tax credit is the reason I am able to put food on the table… I can tell you from experience that no-questions-asked extra cash was a game changer in a year that has thrown our family one devastating curveball after another.”
West Virginian Stormy Johnson: “For my family, [the child tax credit] means a break from food insecurity. Thanks to these monthly payments, every member of my family is able to get enough to eat.”
West Virginian Sara Cantrell: “Since receiving Biden’s expanded child tax credit payments, which began in July, my family’s finances are much more stable. I’ve been able to stay on top of my electricity bill, and with extra room in our budget, I’ve been able to get Christmas gifts for my kids.”
In West Virginia, adding a work requirement and family income cap would take the Child Tax Credit away from 57% children currently receiving it
West Virginia Center on Budget & Policy: “Reducing the family income cap to this extent would mean… In West Virginia, 190,000 fewer children would benefit from the CTC, a 57 percent reduction.”
West Virginia Center on Budget & Policy: “West Virginia has been one of the biggest beneficiaries of the enhanced CTC. West Virginia ranks 7th in the nation in terms of the boost in purchasing power the expanded CTC provides as a percentage of state GDP.”
About Invest in America
Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.
The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.