Expanded Child Tax Credit Payments – a Policy Bennet Has Championed for Years – Reach Families on July 15
Washington, D.C. – Today, Colorado U.S. Senator Michael Bennet released the following statement applauding the announcement from the White House that June 21 will be “Child Tax Credit Awareness Day”:
“I am thrilled to see the White House designate June 21 as ‘Child Tax Credit Awareness Day,” said Bennet. “Ahead of the first distribution of payments next month, we should do everything possible to raise awareness and ensure all qualifying families receive their benefits. July 15 will be an amazing moment when Coloradans actually see their families benefit dramatically from something we've done in Washington. It's going to make a huge difference to people, and that’s why I’ll keep fighting to make the improved Child Tax Credit permanent and ensure 2021 becomes ‘Child Tax Credit Year.’”
In March 2021, President Joe Biden signed into law a one-year expansion of the CTC, based on Bennet’s American Family Act, in the American Rescue Plan Act. This expansion will cut child poverty in nearly half nationwide this year and benefit nearly 90% of Colorado children.
In his American Families Plan announced in April 2021, President Biden proposed permanent full refundability of the CTC, as well as extending the enhanced CTC value and monthly payments through 2025. The president also committed to working with Congress to make the expanded CTC permanent.
Bennet will continue to work with the administration and his colleagues in Congress to make the entire CTC expansion permanent.