The Child Tax Credit ‘Baby Bonus’Tax Policy
The Child Tax Credit (CTC) lifts more than a million children out of poverty every year. This fact sheet recommends a CTC “baby bonus” — doubling the CTC for children up to age five. Investing in a child’s first few years of life pays off in improved academic performance, which sets the stage for success throughout adult life. And, as this fact sheet details, even modest investments can make a big difference.