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Should NY’s Child Tax Credit be expanded?

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  • Staff Report 

Child poverty concerns in New York are driving lawmakers and advocates to push for a broader child tax credit in the upcoming budget.

This urgency comes after the U.S. Census Bureau reported a significant spike in child poverty since federal pandemic aid ceased, especially amid the backdrop of inflating costs.

DiSanto Propane (Billboard)

The previous budget expanded the state’s child tax credit to cover families with children up to age 3, benefiting an estimated 630,000 additional children. However, officials with The Children’s Agenda, expressed concerns over the current maximum benefit of $330, pushing for an increase aligning more with federal provisions.

Furthermore, some lawmakers are calling for the creation of the Working Families Tax credit, which would provide families with $500 to $1,500 per child.

They say that could potentially reduce child poverty rates by a quarter, if enacted.

With a looming state budget shortfall estimated at $36 billion over three years, lawmakers argue against sidelining child care investments.