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Child poverty rate could jump to 17% this month, study finds

By Megan Hadley
Child poverty rate could jump to 17% this month, study finds
Around 4 million children could go into poverty this month without the Child Tax credit that is being stalled in Congress. Photo by Bill Greenblatt/UPI | License Photo

Jan. 19 (UPI) -- The U.S child poverty rate could jump to 17% this month in absence of the Child Tax Credit, a new study found.

The Child Tax Credit reached over 60 million children in December, and on it's own, reduced childhood poverty by 30%, according to the Columbia University Center on Poverty and Social Policy.

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However, that may change, as Congress has not acted to extend the payments into 2022.

Without the tax credit, childhood poverty could jump to 17% in January, the highest rate since December 2020.

"The monthly child tax credit payments have buffered family finances amidst the continuing COVID-19 pandemic," the report said.

That affects around 4 million children, who receive $250 to $300 a month in Government aid.

"Few federal programs have had such a direct & demonstrable impact on Americans as the expanded #ChildTaxCredit," Representative Suzan DelBene said on Twitter.

U.S. President Joe Biden's Build Back Better Act -- which remains in limbo -- would have ensured that families receive a payment on Friday.

The effort hit a roadblock with opposition from Sen. Joe Manchin, D-W.Va., whose support is crucial in passing the legislation.

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Though Speaker of the House Nancy Pelosi believes that a deal can be reached, it wouldn't happen in time for families to receive a check this week.

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