Uniting for Children: Advocating for the Child Tax Credit Expansion
In a world where our lives are marred by uncertainty day-by-day, investing in the well-being and future of our children is not just a choice—it is an imperative. There is no single investment more important than the investment in our children.
Peace Economy Project has always championed the cause of redirecting national priorities from military spending towards child well-being, education, and sustainable development. Today, we stand at a pivotal moment, advocating for the expansion of the Child Tax Credit (CTC) through the Tax Relief for American Families and Workers Act of 2024.
The Tax Relief for American Families and Workers Act of 2024 introduces significant changes to the Child Tax Credit, enhancing support for families and adjusting for inflation. The refundable credit calculation is revised to be more beneficial per child, increasing the maximum amount gradually from $1,800 in 2023 to $2,000 by 2025. Taxpayers can also use prior year’s earned income to calculate their credit, optimizing benefits in fluctuating income situations.
The Power of the Child Tax Credit
The Child Tax Credit represents more than financial aid; it embodies our nation’s commitment to its youngest citizens. This crucial support can significantly reduce child poverty, ease the financial burden on hardworking families, and set the stage for a brighter, more prosperous future for all. Prioritizing our children’s well-being over defense spending sends a powerful message about our values and the type of world we strive to create.
When you invest in the military-industrial complex, you often get negative results. On the other hand, studies show that the Child Tax Credit is beneficial. The journal article summaries below from Casey Family Programs*** show that the Child Tax Credit is related to a lower impact of involvement with child welfare, decreases in children in foster care, and reductions in child poverty.
Why We Must Act Now
The introduction of the Tax Relief for American Families and Workers Act of 2024 provides sustenance and hope to families who need it. The Child Tax Credit has the potential to lift half a million children out of poverty and make life less financially strenuous for approximately 5 million more. However, this is not just about numbers—it is about real lives. It is about ensuring that every child has the opportunity to thrive, learn, and grow in a supportive environment. This is why the Peace Economy Project is calling upon our community and lawmakers to unite in support of this transformative legislation.
Do not let lawmakers tell you there is no money in the budget for child well-being. We just need to let them know that we value family investment over lining the coffers of the defense industry.
Call to Action
We urge each member of our community to take a stand for our children and their future.
Here’s how you can make a difference
Contact Your Representatives
Reach out to your local representatives and senators. Make your voice heard. Express your support for the Tax Relief for American Families and Workers Act of 2024 and the expansion of the Child Tax Credit. Tell them that you would rather see your money invested in our children’s future over bombs, guns, and munitions. Every call, email, and letter counts.
Spread the Word
Share this message on your social media platforms. Talk to your friends, family, and neighbors. The more people know about the importance of this bill and the positive impact of the Child Tax Credit, the stronger our collective voice will be.
Stay Informed and Engaged
Keep abreast of the latest developments regarding the bill. Attend community meetings, participate in discussions, and encourage others to get involved. Your engagement can inspire others to take action.
Conclusion
At Peace Economy Project, we envision a future where every child has the chance to succeed, where our economy is measured by the well-being of our people—not our military might, and where peace and prosperity go hand in hand. By supporting the expansion of the Child Tax Credit, we are not just advocating for a policy change—we are fostering a movement towards a more equitable, compassionate, and peaceful society. Together, let’s make this vision a reality.
Your Voice, Your Power, Our Future.
Join us in supporting the Tax Relief for American Families and Workers Act of 2024.
Contact Your Representative Now
Resources
About 16 Million Children in Low-Income Families Would Gain in First Year of Bipartisan Child Tax Credit Expansion – Budget and Policy Priorities
What Congress’ New Child Tax Credit Deal Could Mean for You – TIME
What’s in the New Child Tax Credit Proposal – The New Republic
***Disclosure
Please note that the author of this article, Katerina Canyon, previously held a position at Casey Family Programs. The insights and resources shared in this piece, particularly those related to the Child Tax Credit, are informed by this professional experience and are intended to enhance the understanding and support for the Tax Relief for American Families and Workers Act of 2024. This disclosure is made to maintain transparency and uphold the integrity of the information presented.
