Rep. Troy Carter: Child Tax Credit Delivered $38.2 Million in Tax Cuts to 87,000 Families in August
According to New Report, Child Tax Credit Tax Cuts are Generating Nearly $20 Billion in Local Economic Activity Each Month Nationwide, Supporting Local Businesses and Jobs
NEW ORLEANS — Today, Congressman Troy A. Carter Sr. shared a new report from the Joint Economic Committee estimating that 87,000 Child Tax Credit monthly tax cut payments were sent to families in Louisiana’s Second Congressional District in August. A total of $38.2 million in tax cuts went back in the pockets of hardworking LA-02 families. Statewide, 550,000 monthly tax cut payments went to families in August for a total of $229.8 million. The average payment was $418. Payments for the month of September started being sent out yesterday. Nationwide, the Joint Economic Committee estimates the Child Tax Credit tax cuts are pumping $19.3 billion into local economies each month, supporting local jobs and businesses. “This historic tax cut is putting more money back into the pockets of hardworking families, said Congressman Carter. “In these difficult times, especially with the disruption and destruction of Hurricane Ida in my community, the Child Tax Credit offers an important safety net. People are using these funds to put gas in the car, food on the table, cover school expenses, pay rent, and continue to grow our local economy while building better lives for their families.” Click HERE to learn more about the full Joint Economic Committee’s study on how the Child Tax Credit is supporting local economies nationwide. ### |