Did the Trump administration's child tax credit 'put over $2,000 into the pockets of 40 million American families'?
CLAIM
First daughter Ivanka Trump claimed that the Trump administration had lived up to promises to make child care more affordable and accessible by boosting child tax credits as part of the 2018 tax overhaul.
“As part of Republican tax cuts in 2019 alone, our child tax credit put over $2,000 into the pockets of 40 million American families,” she said.
CONCLUSION
This is mostly correct. The Tax Cuts and Jobs Act doubled the child tax credit to $2,000 per child and added another $500 credit for older children and other dependents.
EVIDENCE
The Treasury Department estimates that about
39.4 million families received child tax credits and additional child tax credits in 2019, totaling $88.1 billion. That amounts to an average $2,234 per family.
However, the tax overhaul bill also denied the full $1,000 child tax credit increase for more than 26 million children in low-and moderate-income families -- those whose earnings are so low they owe little or no federal taxes -- according to Chuck Marr, senior director of federal tax policy at the Center for Budget and Policy Priorities, a liberal-leaning think tank. Their analysis is
here.
