Today, Congresswoman Claudia Tenney (NY-22) joined Ivanka Trump, Advisor to the President, Senator Tim Scott (SC), Senator Marco Rubio (FL), Senator Shelley Moore Capito (WV), Senator Dean Heller (NV), Senator Mike Lee (UT), Rep. Kristi Noem (SD-AL), Rep. Martha Roby (AL-2), Rep. Claudia Tenney (NY-22) and Rep. Kevin Yoder (KS-03) at a round table discussion and press conference to highlight the importance of the Child Tax Credit and the positive economic impact expanding it will have on working families across upstate New York.
The current GOP Tax Reform framework calls for substantially expanding the Child Tax Credit. The current Child Tax Credit structure can reduce the tax burden on a family by $1,000 per eligible child. Over half of the Child Tax Care benefits go to taxpayers with annual incomes under $40,000. At today’s press conference, GOP Members called on the tax credit to be doubled.
“For too many hardworking families, financial hardships— brought on by a tax code that inherently disadvantages middle and low-income Americans— have made it impossible for them to meet their basic needs, let alone provide enriching experiences for their children. I know the hardships these families face. I’ve lived them. I raised my son as a single mother, all while running my family’s manufacturing business and caring for my aging parents who lived across the street. It’s unsustainable and unfair to continue to put hardworking families through this,” said Congresswoman Claudia Tenney. ”Expanding the child tax credit is key to leveling the playing field for families, providing much needed relief and giving them the opportunity to succeed.”
The last time the child tax credit was increased was in 2001, under President George W. Bush. At the time the child tax credit was $500 and it was increased to $1,000, where it has remained since.
Read Rep. Tenney’s full remarks from the roundtable below.
“Across our region and throughout the country, hardworking families in rural, Rust Belt communities are falling behind. Over the past decade they have seen their paychecks stagnate, their jobs shipped overseas and their taxes skyrocket.
Against this backdrop, it is harder than ever for Americans to find well-paying jobs that match their skills and for hardworking families to adapt to a rapidly-changing economy.
As I travel across the rural 22nd District, I hear the stories of financial hardship that upstate New Yorkers face each day. Among the complaints I hear most often from families is the challenge they face in finding low-cost, high-quality child care.
At the same time that our nation’s burdensome tax code made it difficult for my family business to survive, the soaring costs of raising a child made it financially challenging for me to provide the kind of opportunities I sought to give my son, Trey.
Although it seemed impossible at times, I had the strength and perseverance to carry on. It was important to me to show my son the value of resiliency.
It’s an honor to know that this resiliency has inspired him in his own life. My son now honorably serves our nation as a 1st Lieutenant in the United States Marine Corps.
For too many families, financial hardships, brought on by a tax code that inherently disadvantages middle and low-income Americans, have made it impossible for them to meet their basic needs, let alone provide enriching experiences for their children. This is unsustainable and unfair. It hurts our economy and prevents young people from reaching their full potential. Working families need a level playing field and they deserve the opportunity to succeed.
Expanding the child tax credit is key to providing much needed relief for hardworking families across the nation.
This plan will empower middle and low-income families who have been left behind for too long.
I’m honored to be here today in an effort to work toward this goal and thank Ms. Trump for her leadership on this important issue from day one.”
Watch the full video of the press conference here.