MADISON, Wis. – Today, Family Friendly Wisconsin released a statement urging Senators Tammy Baldwin and Ron Johnson to prioritize the needs of working families in Wisconsin by passing President Biden’s Build Back Better Act before the end of the year.
Brita Olsen, state director of Family Friendly Wisconsin:
“This year, we have seen how policies signed into law by President Biden have made a difference in the lives of thousands of families and children across our state. We need to continue to uplift those who make-up the backbone of our economy by passing the Build Back Better Act by the end of the year.”
Earlier this year, the American Rescue Plan expanded The Child Tax Credit. In July, more than 590,000 Wisconsin families began to receive automatic checks of up to $300 per child each month, impacting over one million children.
In a recent article from Up North News Wisconsin, Tiffany, who is a mother of three and from Ashland, says that “the additional $800 per month her family receives has helped them afford daily living expenses.”
“We are trying to juggle the daily needs of our family on our limited income, and the child tax credit has kept our heads above water,” [Tiffany] said.
The Child Tax Credit is set to expire at the end of the month, unless the Build Back Better Act is passed by the Senate. The Build Back Better Act also includes a historic investment in child care, capping child care costs for most families at seven percent of their income.
The Child Tax Credit and the seven percent cap on child care costs will have a real impact on families in Wisconsin:
Total annual savings of $8,200 for a family with two kids and a combined annual income just over $100,000
Total annual savings of $16,550 for a single parent with two children and an income of just under $30,000 a year