The Working Families Tax Credit would lift New York children out of poverty by providing families with a tax credit of $1,500 per child, paid out on a quarterly basis. The proposal is modeled off the 2021 federal Child Tax Credit (CTC) expansion, which cut child poverty rates by over 40%.
Unfortunately, when the expanded CTC expired in 2022, child poverty more than doubled according to the Supplemental Poverty Measure (SPM). The Working Families Tax Credit would reduce child poverty and help families afford their basic needs.
WE CALL ON NEW YORK STATE to reduce child poverty by passing the Working Families Tax Credit.