"Today Americans began to see the concrete effects of the American Rescue Plan show up in their bank accounts, as the expanded child tax credit goes into effect for one year. Through this program, the Child Tax Credit increased to $3,000 per child aged 6 to 17 and $3,600 per child under 6. All working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent. The government sent payments for almost 60 million children on Thursday, totaling $15 billion.

"This is a really big deal. In America, one in seven children lives in poverty. This measure is expected to cut that poverty nearly in half. Studies suggest that addressing childhood poverty continues to pay off over time, as it helps adults achieve higher levels of mobility."

The American Rescue Plan, passed in March 2021, was an early achievement of the Biden presidency, becoming a signature law as every Republican voted against it. A year later, researchers at the Brookings Institute found that the temporary expansion of the child tax credit lifted 3.7 million children out of poverty before it expired on December 31, 2021.

Family members did not stop working, as critics said they would. Instead, they used the money to cover routine expenses, decreasing their reliance on credit cards; had better nutrition; and made long-term investments in education for both children and parents.

Now, five years later, the results of the Republicans' signature One Big Beautiful Bill Act (OBBBA), passed without a single Democratic vote and signed into law last July, are revealing a very different set of priorities.

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