January 31, 2024

CORREA VOTES TO EXPAND CHILD TAX CREDIT, SEND TAX RELIEF FOR WORKING FAMILIES

WASHINGTON — Today, Representative Lou Correa (CA-46) voted to pass H.R. 7024, the Tax Relief for American Families and Workers Act of 2024, which includes an expansion of the expired Child Tax Credit (CTC) and released the following statement: 

“The Child Tax Credit expansion that Democrats passed through the American Rescue Plan was a monumental tax-cut for Main Street, and lifted countless children and their families here in Orange County out of poverty,” Correa said. “While today’s bipartisan Child Tax Credit compromise, as part of this greater tax agreement, would be smaller than it was in 2021, it still marks an important step forward—it would lift as many as 400,000 children above the poverty line, and make an additional 3 million children less poor in its first year alone. 

“This legislation will also enhance the Low-Income Tax Credit to develop more than 200,000 affordable housing units nationwide, and provide needed tax-relief to victims of natural disasters like wildfires,” he added. “I will always fight for working families on Main Street, and I will never stop working to find bipartisan solutions like this to ensure they’re put first—no matter what.”

The 2021 CTC expansion reduced child poverty by half, lifting 2.9 million children out of poverty across the country, but its expiration caused millions of children to fall back into poverty. In areas of Orange County specifically, the Public Policy Institute of California estimated up to a 22 percent reduction in child poverty.

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