There will be no more checks distributed to New Hampshire families as part of the expanded Child Tax Credit Program, and the state’s congressional delegation is considering the tax credit’s continuation at this time.
Child Tax Credit Payments
According to WMUR News, payments were made to families with 217,000 qualifying children between July and December, for a total of over $319.6 million, based on the estimates made by Joint Economic Committee.
It also included payments to children whose parents had extremely little financial resources. As of now, the credit will no longer be paid in monthly installments because the program’s enhanced component has come to an end.
The Biden Administration’s “Build Back Better” bill had a provision for an extension, but it was unable to pass through the Senate. The Democratic senators Jeanne Shaheen and Annie Kuster, as well as Rep. Chris Pappas, have stated that they support efforts to prolong the enhanced credit program.
Likewise, Sen. Maggie Hassan supported the extension. In addition, she cosponsored a standalone bill authorizing the extension of the enhanced Child Tax Credit.
NBC News reported that according to research conducted by the Center on Poverty and Social Policy at Columbia University, the temporary expansion of the Child Tax Credit expired on December 15, and it is expected to increase childhood poverty from 12 percent to 17 percent in January, the highest level since December 2020, as a result of the extension.
Children of color, particularly Black and Latino children, will be particularly heavily hit, with poverty expected to affect one in every four children.
Extension of the Child Tax Credit was a part of the Build Back Better plan, which is currently awaiting consideration in the Senate. President Joe Biden stated that he has spoken with members of Congress about passing portions of the bill on their own, and advocates working to end child poverty are still pressing for the tax credit to be included in that bill.