Brown: No Corporate Tax Cuts Without Expanding the Child Tax Credit

 

Advocates, Senate and House Colleagues Join Brown in Calling for an Expanded CTC By the End of the Year

WASHINGTON, D.C. – Today, U.S. Senator Sherrod Brown (D-OH), advocates, and several Senate and House colleagues hosted a press conference to discuss the need to expand the Child Tax Credit (CTC) before the end of the year.

Ninety-two percent of Ohio’s families with children saw more money in their pockets as a result of the expanded CTC, and according to the U.S. Census Bureau, the expanded CTC, part of the American Rescue Plan, cut child poverty nearly in half.

“Last year we passed the largest tax cut for working families, ever,” said Brown. “We know how hard parents work – at their jobs, and at raising kids. And so often, that hard work doesn’t pay off like it should. These tax cuts have made such a difference in families’ lives. They must continue. It’s pretty simple – no corporate tax cuts without tax cuts for working families.”

U.S. Senators Michael Bennet (D-CO) and Cory Booker (D-NJ), and Representatives Rosa DeLauro (D-CT-03), Suzan DelBene (D-WA-01), and Ritchie Torres (D-NY-15) joined Brown at the event, following a September statement the members released about the need to extend the CTC before the end of the year.

Several tax provisions that provide generous benefits to corporations expired at the end of 2021, at the same time as the expanded Child Tax Credit and Earned Income Tax Credit. Brown and his colleagues have called on Congress to address both in any end-of-year tax package.

This event was in collaboration with MomsRising, the Economic Security Project Action, and Community Change Action. Impacted families and national advocates for the CTC also attended. 

 

Information courtesy of U.S. Senator for Ohio – Sherrod Brown