I was surprised when I heard Amanda Peacher's report about the child tax credit this morning on Marketplace because she was discussing the rural impact of the new benefit--something you rarely hear on a national newscast.
Here's the excerpt:
By her analysis, a lot more families in rural areas will get this financial help. [Kris Cox, with the Center on Budget and Policy Priorities] said that in the past, roughly half of those households received partial or no credit because they earned too little (emphasis added).
“Now 94% of kids in rural areas will see their child tax credit go up,” Cox said.
But keep in mind this credit is just for 2021. Unless Congress makes it permanent, the monthly deposits will dry up come January.
Amanda Peacher was formerly with Oregon Public Broadcasting. She came to my attention when she reported on the Malheur occupation several years ago.
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