Gov. Kathy Hochul announced a proposal to expand New York's child tax credit, potentially offering families with children under four up to $1,000 per child.
The initiative aims to double the average benefit from $472 to $943, which Hochul believes will have the most direct impact on alleviating poverty.
Richard Buery Jr. highlighted that tax credits effectively combat child poverty, referencing the success of the federal child tax credit expansion in 2021.
An estimated 1.6 million families could benefit from Hochul's expansion, making the child tax credit available to families making up to $110,000 annually.
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