Axne backs making temporary child tax credit permanent
Iowa Congresswoman Cindy Axne says she’s working to make the temporary federal child tax credit permanent.
The new credit was included in the pandemic relief package passed in March and starting next week low and middle income parents of kids under the age of six will get $300 a month through the end of the year, while parents of kids who’re six through 17 years old will get $250. Axne, a Democrat from West Des Moines, said almost 200,000 Iowa families qualify.
“This isn’t just a handful of people. Eighty-five percent of Iowa families are going to see support on a monthly basis to help them out,” Axne said. “…This is four out of five Iowa children who will qualify for this benefit.”
The last federal child care tax credit payment will be made in December. Axne held a news conference outside a Des Moines preschool Thursday to tout the program’s potential to help current and future parents.
“We know too many people are deciding not to have kids just because of the cost, so it’s time to support young people. It’s time to support working families and ensure that they can raise their kids successfully and be prepared for the world,” Axne said, “and this tax credit will directly support that.”
Some critics have questioned making these tax credits permanent based on the cost, while others say there may be better, more targeted ways to spend the money to improve the ecomomic prospects for low income adults and children.