The expanded child tax credit (CTC) created the largest drop in child poverty in a single year, according to a new report from the Joint Economic Committee Democrats. In 2021, child poverty nearly halved, dropping from 9.7 percent to 5.2 percent.The CTC, expanded under the 2021 American Rescue Plan, lifted 5.3 million people, including 2.9 million children, out of poverty in 2021. According to the report, 2.1 million of those children were lifted out of poverty specifically due to the expansion.The expansion increased the value of the CTC from $2,000 per child to up to $3,600 per child under six years of age, and to $3,000 per child between the ages of six and 17. The credit was available to
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