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The White House recently released a fact sheet detailing the positive effects of the enhanced advance child tax credit of 2021 on American families. This information is especially crucial right now, as Senator Mitt Romney introduced a revised proposal to reintroduce the CTC to lawmakers for 2022 under the name Family Security Act.
See: Child Tax Credit — 22% of Families Can No Longer Meet Basic Needs Without the Advance
Find: Stimulus Update — Americans Could Get $350 per Month Through the Family Security Act
This act, as previously reported by GOBankingRates, would deliver a $350 cash benefit monthly to each child under six and $250 for each child between the ages of six and 17, up to a maximum of $1,250 per family per month.
Romney is hoping for bipartisan support to deliver much-needed relief to American families. A recent survey from the group ParentsTogether Action, reported by GoBankingRates, showed that 22% of parents cannot meet their family’s basic needs without the CTC payments in their bank accounts, while 89% said it’s “important” that credits start up again.
Elaine Maag, principal research associate at the Urban Institute, told CNET that an extension of the CTC could reduce child poverty by 40%, from an estimated 13 million children to 9 million children nationwide. It could also help offset the effects of inflation and rising gas prices the country is experiencing right now.
Meanwhile, Senator Joe Manchin of West Virginia continues to fight against an extension, especially one that does not have a work requirement for recipient families. Romney’s plan doesn’t have a work requirement; however, he has indicated that he’s open to including one.
See: Child Tax Credit Impact — What the Advance Really Did To Help Families
Last year, Manchin proposed an income cap of $60,000 per family. Romney’s proposal would phase out at limits similar to the 2021 enhanced CTC: $200,000 for individuals and $400,000 for married couples filing jointly.
In 2021, the CTC reached nearly 40 million families, helping 65 million children, according to the White House report. What was the impact state by state?
Alabama
Families: 608,000
Children: 992,000
Alaska
Families: 90,000
Children: 163,000
Arizona
Families: 859,000
Children: 1,474,000
Arkansas
Families: 378,000
Children: 639,000
California
Families: 4,611,000
Children: 7,513,000
Colorado
Families: 650,000
Children: 1,094,000
Connecticut
Families: 390,000
Children: 619,000
Delaware
Families: 116,000
Children: 188,000
Florida
Families: 2,478,000
Children: 3,886,000
Georgia
Families: 1,374,000
Children: 2,249,000
Hawaii
Families: 162,000
Children: 272,000
Idaho
Families: 226,000
Children: 428,000
Illinois
Families: 1,473,000
Children: 2,448,000
Indiana
Families: 822,000
Children: 1,415,000
Iowa
Families: 371,000
Children: 661,000
Kansas
Families: 348,000
Children: 621,000
Kentucky
Families: 546,000
Children: 914,000
Louisiana
Families: 584,000
Children: 939,000
Maine
Families: 142,000
Children: 229,000
Maryland
Families: 739,000
Children: 1,194,000
See: The 10 Biggest Financial Struggles Families Face
Massachusetts
Families: 721,000
Children: 1,141,000
Michigan
Families: 1,105,000
Children: 1,888,000
Minnesota
Families: 653,000
Children: 1,166,000
Mississippi
Families: 396,000
Children: 632,000
Missouri
Families: 717,000
Children: 1,234,000
Montana
Families: 119,000
Children: 211,000
Nebraska
Families: 241,000
Children: 437,000
Nevada
Families: 382,000
Children: 631,000
New Hampshire
Families: 144,000
Children: 230,000
New Jersey
Families: 1,066,000
Children: 1,721,000
Find: Guaranteed Monthly $1,000 Offered to Qualifying First-Time Mothers in New York
New Mexico
Families: 252,000
Children: 420,000
New York
Families: 2,173,000
Children: 3,513,000
North Carolina
Families: 1,284,000
Children: 2,089,000
North Dakota
Families: 90,000
Children: 162,000
Ohio
Families: 1,353,000
Children: 2,294,000
Oklahoma
Families: 497,000
Children: 866,000
Oregon
Families: 453,000
Children: 763,000
Pennsylvania
Families: 1,412,000
Children: 2,351,000
Rhode Island
Families: 118,000
Children: 185,000
South Carolina
Families: 627,000
Children: 1,029,000
See: Should You Become a One-Car Family?
South Dakota
Families: 105,000
Children: 194,000
Tennessee
Families: 828,000
Children: 1,378,000
Texas
Families: 3,899,000
Children: 6,660,000
Utah
Families: 423,000
Children: 851,000
Vermont
Families: 66,000
Children: 105,000
Virginia
Families: 1,017,000
Children: 1,677,000
Washington
Families: 860,000
Children: 1,465,000
West Virginia
Families: 196,000
Children: 324,000
Wisconsin
Families: 651,000
Children: 1,127,000
Wyoming
Families: 68,000
Children: 122,000
District of Columbia
Families: 65,000
Children: 99,000
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This article originally appeared on GOBankingRates.com: Child Tax Credit: White House Shares the Impact in Each State
