The American Rescue Plan (ARP) dramatically increased the value of the Child Tax Credit (CTC), from $2,000 per child to up to $3,600 per child under age 6 and $3,000 per child aged 6-17. The ARP also expanded the CTC so that it is now fully refundable, and previously ineligible low-income families will receive the full credit. Half of the expanded CTC is being distributed in advance via monthly payments, helping families meet their financial needs in real time. The Treasury Department has delivered $61 billion to families across the country thus far.
Oct 26 2021
Real GDP Is Greater Than Pre-Pandemic Levels
Each month, the Bureau of Labor Statistics (BLS) releases national and state-level data on U.S. employment, which provide useful information about the state of the labor market and progress toward building back better.
To highlight key trends in the monthly data, the Joint Economic Committee compiles state-by-state fact sheets for all 50 states and the District of Columbia.
To highlight key trends in the monthly data, the Joint Economic Committee compiles state-by-state fact sheets for all 50 states and the District of Columbia.
Oct 22 2021
Economic Update - October 22, 2021
High-quality, accessible child care creates a number of economic and socioeconomic benefits on both individual and national levels. Underinvestment in child care and the resulting high prices have prevented the United States from fully realizing those benefits, constraining future economic growth.
