Bloomberg Tax. December 2022. An opinion piece by Joe Hughes and Brakeyshia Samms from the Institute on Taxation and Economic Policy discusses how expanding the federal CTC could advance racial equity. The 2021 CTC expansion disproportionately helped children and families of color who, under the previous CTC, were ineligible for the full credit due to falling under the minimum income level.
Child Tax Credit Expansion Would Shrink the Racial Wealth Gap