Today, the families of 2.2 million children in Georgia will begin receiving the sixth installment of tax cuts from the Child Tax Credit program passed in President Biden and Democrats’ American Rescue Plan — which was unanimously opposed by Georgia Republicans. Senators Ossoff and Reverend Warnock joined Representatives Bishop, Bourdeaux, Johnson, McBath, Scott, and Williams to deliver one of the largest ever single-year tax cuts for families with children in history, which experts predict will lift 171,000 children out of poverty in Georgia alone.
Across Georgia, these tax cuts are already helping families fend off eviction, pay utility bills and back rent, buy groceries and school supplies, and cover other expenses. According to the Georgia Budget and Policy Institute, “The Child Tax Credit is also a powerful racial equity tool that would advance economic opportunity. It could lift nearly 700,000 Georgia kids near or above the poverty line, including about 470,000 Black children who are now able to access the benefits because it allows for refundability.”
“Today, millions of Georgia families will receive their sixth middle-class tax cut from the Child Tax Credit program thanks to President Biden, Senators Ossoff and Reverend Warnock, and Georgia’s congressional Democrats,” Congresswoman Nikema Williams, Chair of the Democratic Party of Georgia, said. “The Child Tax Credits have kept a roof over families’ heads, put food on the table, and raised children out of poverty, which is why it is indefensible that every Georgia Republican opposed these critical tax cuts. As Democrats work diligently to extend this program with the Build Back Better Act, Georgia voters will remember in 2022 that while the GOP tried to stand in the way, President Biden and Georgia Democrats delivered these tax cuts for middle-class families.”