REPORT: 85% of New Hampshire Children Would Benefit From Expanded Child Tax Credit That Wealthy Corporations Are Fighting Against
Washington, D.C. — Government watchdog Accountable.US spotlighted an analysis finding that the expanded Child Tax Credit in the Biden Build Back Better plan would benefit approximately 85% of New Hampshire children. Meanwhile, less than 5% of New Hampshire households would be affected by the plan asking the wealthiest Americans and billion-dollar corporations to pay their fair share in taxes. It comes as Sens. Shaheen and Hassan are targeted by industry attack ads smearing the reconciliation process in order maintain the broken status quo at the expense of working families.
“With so many families struggling to get back on their feet and get ahead in the middle of the ongoing pandemic, it’s critical that lawmakers not lose perspective on who really needs help,” said Kyle Herrig, president of Accountable.US. “New Hampshire’s Senators have an opportunity to deliver tax relief to virtually every family in New Hampshire with the stronger child tax credit. It makes no sense that Republicans in Congress want to hold up real help for families just to protect tax breaks for a tiny, wealthy minority — and the public strongly agrees. The rich can afford to pay a fairer share in taxes, but many families in New Hampshire can’t afford to lose out on this commonsense tax relief.”
Poll after poll has shown voters overwhelmingly support the major provisions of the Biden Build Back Better agenda, including a huge bipartisan majority that support the pay-fors in the budget reconciliation plan.
Accountable.US also released a report this week finding that in August 2021 alone, the Democrats holding up the reconciliation process, Sens. Sinema, Manchin, and U.S. Reps. Cuellar, Gonzalez, Gottheimer, Schrader, Murphy, banked over $150,000 in campaign donations from corporate interests — including those that are helping lead business groups opposing the bill.
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