Richmond, VA — The third round of expanded Child Tax Credit payments went out across the country last week to robust praise from the Falls Church News-Press’ editorial board, who highlighted its positive impact for working families in the Commonwealth and nationwide. The monthly payments, which were passed into law in March as part of the American Rescue Plan that every single Virginia Republican in Congress opposed, benefit 90% of American families. The tax credit is just the latest evidence of the good Democrats can do when in charge, whether that’s in Richmond or Washington.
Falls Church News-Press: Editorial: Child Tax Credits Hit Bank Accounts
“.... No thanks to a single Republican in Congress, American families will receive their third direct payment through the Child Tax Credit, putting money in the pockets of millions of families,” a statement from the Democratic National Committee announced Wednesday. “Whether these payments are going to household expenses or into college savings accounts, these middle class tax cuts are already making a real difference in the lives of working parents across the United States. In fact, hunger rates among children fell dramatically after just the first Child Tax Credit payments were distributed in July.”
The DNC presented examples of what Americans across the country are reading and seeing as payments start hitting bank accounts today. In Florida, the Orlando Sentinel said, “The pandemic impacted the finances of millions of families and many have taken advantage of the American Rescue Plan signed into law by President Joe Biden in March, especially with the Child Tax Credit. The credit was expanded and is available to nearly 3.8 million children in Florida, a financial assistance that could reduce child poverty in the state by 38 percent, according to the Center on Budget and Policy Priorities. [...]
In Arizona, the Yuma Sun ran a guest column stating, “This week, help is here yet again for the families of 1.3 million Arizona children…. as Child Tax Credit payments hit bank accounts across the state and deliver some much-needed help to working families, I’m reminded of the good that government can do when we put our minds to it.”
Similar exemplary reports also appeared in the Georgia Recorder and the St. Louis Post-Dispatch. “Biden’s expanded Child Tax Credit recognizes that most families in today’s economy don’t have a nest egg to cover sudden expenses. The CTC benefits 90 percent of American families. It’s not here to make us millionaires. Its purpose is to ease the constant stress that our kids can see on our faces when we worry about another school expense, unexpected medical bill, or illness,” the Georgia paper reported.