Just One Good Thing: The Impact of the Expanded Child Tax Credit

Just One Good Thing: Daily Political News about the 2024 Election, Kamala Harris and Democratic Achievements.

Welcome to One Good Thing, the daily podcast where we spotlight one good thing the Democrats have done to make your life better, our future brighter, and our country stronger. Today, we’re talking about the expanded Child Tax Credit, a major achievement of the Biden administration and the Democratic Party that has provided significant financial support to families and helped reduce child poverty.

Did you know that the American Rescue Plan temporarily increased the Child Tax Credit, providing essential financial support to millions of families?

As part of the American Rescue Plan, the Child Tax Credit was not only increased but also made fully refundable for the first time. This means that families could receive up to $3,600 per child under 6 and $3,000 per child between the ages of 6 and 17. The credit was paid out in monthly installments, providing families with a steady stream of income to cover essential expenses like food, childcare, and education.

The increased Child Tax Credit provided much-needed financial relief to families, especially during the challenging times of the pandemic. By making the credit fully refundable, even families with little or no taxable income could benefit, ensuring that the support reached those who needed it the most. This measure has been credited with lifting millions of children out of poverty and reducing financial stress for countless families.

This expansion of the Child Tax Credit means more financial stability for families across America. It allowed parents to afford basic necessities, reduced child poverty, and provided a crucial safety net during uncertain economic times. The impact of this policy cannot be overstated—it has made a real difference in the lives of millions of children and their families, helping to create a more equitable and supportive society.

Contrast this with the previous administration's approach, where tax policies primarily benefited the wealthy and did little to address child poverty. The Trump administration's Tax Cuts and Jobs Act of 2017 significantly lowered corporate tax rates but did not offer the same level of direct support to low- and middle-income families. The Biden administration's focus on expanding the Child Tax Credit highlights a commitment to supporting families and reducing poverty, in stark contrast to policies that favored the wealthy. (Source: Center on Budget and Policy Priorities)

Thanks to the Biden administration and the Democrats, we're seeing real, positive changes that make our communities stronger and support our families. Here's what you can do:

Make sure to vote in the upcoming election and bring at least three friends with you. Your vote is crucial in shaping the future of our country.

If you know an independent or undecided voter, here are some tips on how to talk to them:

How to Engage:

• Start with Common Ground: Begin the conversation by finding something you both agree on, like the importance of supporting families and reducing child poverty.
• Share Facts, Not Opinions: Use reliable sources to share facts. For example, 'Did you know the expanded Child Tax Credit lifted millions of children out of poverty?' (Source: Center on Budget and Policy Priorities)
• Address Concerns Calmly: If they mention negative points or 'fake news,' calmly provide counter-information. For instance, 'Actually, studies show that the Child Tax Credit significantly reduces child poverty and supports economic stability.' (Source: Center on Budget and Policy Priorities)

Example Conversations:

1. Voter Concern: I've heard that this tax credit is just a handout and doesn't really help.
   • Your Response: Actually, the Child Tax Credit provides essential support to families, helping them afford basic necessities and reducing child poverty. It's an investment in our future. (Source:&