The article discusses how states are considering implementing child tax credits to support families, drawing from the federal expanded credit in 2021 that provided monthly payments to offset child-rearing costs. It highlights personal stories, like Lauren McNally’s family using the funds to pay off debt. Proponents argue these credits could help address declining birth rates and economic pressures on families.
Key Points
- Federal child tax credit in 2021 provided monthly checks to 36 million families for child-related expenses.
- States are exploring similar refundable credits to assist families amid economic challenges and low birth rates.
- Personal anecdotes show credits helping with debt reduction and family financial stability.
Implications for Educational Freedom
State-level child tax credits could enhance parental empowerment by providing families with additional financial resources to afford school choice options like private education or homeschooling. This aligns with EFI’s focus on reducing government overreach and promoting educational freedom through economic support for parents.
Source: States Want to Help Families. The Child Tax Credit Might Be Their Answer
