The child tax credit is blowing up on TikTok. That should tell lawmakers something – By Dylan Matthews (VOX) / July 19 2021
The videos of parents getting their checks aren’t just a fun meme — they suggest a path for making the one-year policy permanent.
I’ve been covering tax policy in the US for over a decade now, and I can confidently say that provisions in the tax code do not often go viral.
Enter the child tax credit, which was greatly expanded temporarily in President Joe Biden’s American Rescue Plan, with monthly payments hitting households starting on July 15. The sudden deposits — of up to $250 per child ages 6-17, and $300 per child under 6 — were such a delight to many parents that the hashtags #childtaxcredit and #childtaxcredit2021 blew up on TikTok, with tens of millions of views under each as of this writing.