Without the boosted child tax credit, nearly 10 million children could fall deeper into poverty

Unless Congress acts, the last of the advance child tax credit payments will hit bank accounts on Dec. 15. The end of these monthly payments will financially devastate many American families, pushing them back into poverty.

“Millions of children who spent last Christmas in poverty will not bear that burden this holiday season,” President Biden said in a recent briefing about the effects of the expanded child tax credit.