About 120,000 children in NYC moved out of poverty in 2021 due to a temporary expansion of a federal program put in place at the height of the pandemic, according to a new report. Republicans and Democratic Sen. Joe Manchin refused to extend the program.
Make your contribution now and help Gothamist thrive in 2023.About 120,000 New York City children moved out of poverty in 2021 due to a temporary expansion of a federal program put in place at the height of the pandemic, according to a report published Tuesday by the anti-poverty group Robin Hood Foundation in collaboration with Columbia University.
The program’s expansion also reduced the number of households that reported not having enough food and rely on food pantries by 21%, the report said. Congress also eliminated the earnings requirement. Before the temporary expansion, a family of four with two parents and two children needed to earn $36,000 a year to qualify for the full credit, according to the report. This means parents who didn’t work or who worked but didn’t earn enough income, weren’t eligible to receive the full or partial credit.
The expanded tax credit not only succeeded at reducing child poverty in New York City, but also nationwide. The temporary credit lifted nearly 4 million children out of poverty across the country, according to the report. “For every dollar that the country spent funding this child tax credit expansion, the long-term benefits recurrent about $8 of benefits,” Cone said.
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