Date of Award
Dimitri Papadimitriou, Ph.D.
In response to the COVID-19 pandemic, President Biden under the American Rescue Plan Act of 2021 expanded the child tax credit. The temporary expansion increased the amount families would receive for each child, made the credit accessible to lower-income families, and paid out the credit in monthly installments. Throughout this paper, a review of the child tax credit’s history, former eligibility and impacts will be compared to that of the extended policy in 2021. Most importantly, the paper will delve into various groups that received the child tax credit in 2021. Specifically, the effects will be reviewed in terms of family structure, region, educational attainment, and race. Thus, this paper will provide a comprehensive understanding of the child tax credit prior to the 2021 expansion and will provide a deeper understanding as to what happened with the expansion and its immense impact on families throughout the United States.
Ricciarelli, Julia, "A Narrowing of the Effects of the Expanded Child Tax Credit" (2023). Theses - Graduate Programs in Economic Theory and Policy. 49.