Working poor families and their kids get boost from tax deal
Statement from James P. Steyer, Founder and CEO of Common Sense Media
Washington, D.C. – The House of Representatives voted today to help millions of families and kids stay out of poverty or keep them from falling deeper into it, one of the most important anti-poverty measures to pass Congress in years outside of the Affordable Care Act in 2010.
"By voting to permanently extend several key provisions of the Earned Income Tax Credit and the Child Tax Credit as part of the mega tax deal just approved by the House, 16 million people, including 8 million kids, will have an added measure of financial support as they struggle to work and stay out of poverty," said Jim Steyer, CEO and Founder of Common Sense.
"Common Sense Kids Action made this policy issue a priority in 2015 because poverty has such a negative impact on children's ability to thrive in school and in life. Given what we know about the impact of poverty on early childhood development, success in k-12 education, the ability to graduate from college, and ultimately the ability to earn a decent salary, our country should be doing everything we can to break the cycle of poverty and put working families on the path to greater economic security. We expect these permanent changes to be signed into law soon and then we look forward to working with Congress to take additional steps to help all children thrive no matter their background or zip code."
The Senate is widely expected to pass the same tax measure, which includes a substantial number of extensions of other expiring tax credits, later this week and President Obama has indicated he will sign it into law. Click here to see Common Sense's letter to Congress on the Earned Income Tax Credit and Child Tax Credit.