Nevada State AFL-CIO: The Child Care Tax Credit Lifts Up Working Families!

Las Vegas, Nev. — Today, working families across Nevada will begin to receive another of their Child Tax Credit advance payments. These payments will continue for qualifying families through the end of 2021, providing vital financial assistance to working families across the state.

“These payments are crucial for Nevada’s working families, many of whom are union members, as our state continues to recover from the COVID-19 pandemic,” said Nevada State AFL-CIO Executive Secretary-Treasurer Susie Martinez. “For the last year and a half, working families have borne the brunt of the pandemic — by supporting the legislation that led to these payments, our pro-labor Democratic leaders have once again stood by our union brothers and sisters and given working Nevadans a fighting chance at caring for their families. These monthly credits are just one of the many ways the Biden administration and Democratic leaders in Congress continue the fight to level the playing field and lift up our workers, both in Nevada and across the country.”

The American Rescue Plan expanded and improved the Child Tax Credit to provide a tax break to working families as the economy recovers from the pandemic recession. Senators Catherine Cortez Masto and Jacky Rosen, and Representatives Dina Titus, Steven Horsford, and Susie Lee all supported providing these monthly payments to qualifying Nevada families.

study, released by Congressman Steven Horsford in August, showed that the Child Tax Credit pumped $179.1 million into Nevada’s economy and delivered $143.3 million into working families’ pockets in July, benefiting 560,000 Nevada children. Based on the July payments, the study estimates the Child Tax Credit Monthly Payments will continue to pump $179.1 million into the Nevada economy each month. According to that study, Nevada families received $425 on average for 560,000 qualifying children in total.