Child Tax Credit Expansion Act
GPTKB entity
Statements (70)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:aims_to_improve |
child poverty
|
| gptkbp:allows |
full refundability of the credit
|
| gptkbp:amends |
gptkb:Internal_Revenue_Code
|
| gptkbp:effective_date |
2021-07-15
|
| gptkbp:enacted_by |
gptkb:United_States_Congress
|
| https://www.w3.org/2000/01/rdf-schema#label |
Child Tax Credit Expansion Act
|
| gptkbp:includes |
eligibility for dependents
|
| gptkbp:increased |
child tax credit amount
|
| gptkbp:is_analyzed_in |
policy think tanks
long-term economic effects |
| gptkbp:is_considered_as |
a model for future tax reforms
|
| gptkbp:is_criticized_for |
fiscal conservatives
potential budget deficits lack of bipartisan support administrative challenges inequities in distribution temporary nature of benefits |
| gptkbp:is_debated_in |
gptkb:media_outlets
|
| gptkbp:is_designed_to |
stimulate economy
|
| gptkbp:is_discussed_in |
gptkb:political_debates
gptkb:academic_research community forums Congressional hearings economic forums policy forums |
| gptkbp:is_evaluated_by |
government agencies
financial analysts economic analysts impact on child welfare effectiveness in reducing poverty impact on workforce participation |
| gptkbp:is_funded_by |
federal budget
|
| gptkbp:is_linked_to |
increased savings rates
improved educational outcomes increased consumer spending improved health outcomes for children increased family stability increased access to childcare |
| gptkbp:is_opposed_by |
gptkb:Republican_Party
|
| gptkbp:is_part_of |
gptkb:American_Rescue_Plan_Act
social safety net tax reform discussions economic recovery strategy child welfare policy national budget discussions Biden administration's agenda federal tax policy reforms |
| gptkbp:is_promoted_by |
advocacy groups
progressive lawmakers |
| gptkbp:is_promoted_through |
gptkb:public_campaigns
social media campaigns |
| gptkbp:is_related_to |
gptkb:tax_policy
COVID-19 relief efforts |
| gptkbp:is_subject_to |
future legislative changes
|
| gptkbp:is_supported_by |
gptkb:labor_unions
local governments non-profit organizations research studies community leaders child advocacy groups |
| gptkbp:provides |
monthly payments to families
increased credit for children aged 6 to 17 increased credit for children under 6 |
| gptkbp:shelf_life |
2021-12-31
|
| gptkbp:signed_by |
gptkb:President_Joe_Biden
|
| gptkbp:support |
gptkb:Democratic_Party
|
| gptkbp:targets |
low-income families
|
| gptkbp:bfsParent |
gptkb:Ben_Cardin
|
| gptkbp:bfsLayer |
4
|