Evaluating the Effects of the 2021 Expansion of the Child Tax Credit
Volume 710, November 2023
Special Editors: Megan Curran, Hilary Hoynes, and Zachary Parolin
This volume details the expansion of the Child Tax Credit (CTC) that occurred with the passing of the American Rescue Plan Act of 2021. This historic policy change created a near-universal cash benefit for American children regardless of parentsâ employment status or earningsâa departure from the income conditions of previous U.S. welfare policies.
Although evidence has linked this expansion to the historic low in child poverty recorded in 2021, the temporary expansion was allowed to expire in 2022, reverting the CTC to its pre-pandemic form. This volume evaluates the 2021 CTC expansionâs effects on social, economic, and health outcomes; analyzes the advantages and disadvantages of its implementation; and suggests improvements for a potentially permanent version.