ICYMI: Columbia University Center on Poverty and Social Policy Poverty Reduction Analysis of DeLauro’s American Family Act

Today, Columbia University’s Center on Poverty and Social Policy released a poverty reduction analysis of DeLauro’s American Family Act of 2023 following news from the U.S. Census Bureau that the child poverty rate had risen 1.3 percentage points to 13.7 percent in 2023.

The Center on Poverty and Social Policy found if the American Family Act had been in effect in 2023, the child poverty rate could have instead been 8.6 percent. If the American Family Act of 2023 was law today, the monthly Child Tax Credit by itself would cut child poverty nearly in half, keeping a total of 5.6 million children out of poverty. You can find the Center’s analysis here.

“Columbia University has determined what we already knew to be true when we expanded the Child Tax Credit in 2021 – that had the credit remained in effect in 2023, we would continue to see steep reductions in child poverty,” said Congresswoman DeLauro. “By enacting my American Family Act, we would make the expanded, monthly Child Tax Credit permanent – providing families with the largest middle class tax cut on record and sustained economic security while greatly reducing child poverty. We have a proven solution to helping families with high costs and ending child poverty in the United States. An expanded, monthly Child Tax Credit must be reinstated and made permanent. I will continue to fight to ensure hardworking families – the backbone of the American economy – receive this needed tax cut.”