- May 29, 2001
The stated goal is the "lift millions of children out of poverty." Purportedly, the ECTC will reach "88% of families" and "cover 65M children." I did not know 88% of families and 65M children live in poverty. The credit is temporary, slated to expire after 2025. Unlike the previous CTC it is fully tax exempt.
Eligible families will receive a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above.