US Senator Hosts Child Tax Credit Event in Grand Junction



Posted:
Update:

GRAND JUNCTION, Colorado – US Senator Michael Bennet traveled to Grand Junction to host a panel discussion on the Child Tax Credit. He listened to community concerns about the end of benefits and expressed his own concerns.

Among the community members were working class parents, educators and health professionals who all felt that their income was not enough to support their families,

“It’s a blow every month when you see all your income soar,” says relative Samantha Heintz.

Since many have to choose between working and staying at home because child care is unaffordable,

“It is costly to our economy that people cannot realize their full potential as players in the economy because they have to make choices that, frankly, other generations of Americans have not had. to do, ”said Senator Michael Bennet.

The expanded 2021 Child Tax Credit has been rolling out crucial tax relief since July, with the third payment this month going to eligible families across the country.

Some of these families had the opportunity to show Senator Bennet where this money is going,

“There has been a real desert here in Mesa County when it comes to child care, so it was very important for me to take those dollars and put them back into my teachers,” says Coreen Edwards, owner of the ‘Wishes and Dreams’ daycare.

“Access to services, access to education,” adds another.

“We had the COVID funding that we were able to apply for through ELB and we helped families with rent and utilities,” says another.

“The roundtable event highlighted a notion: Families in this community need the expanded child tax credit for years to come,” said Reilly Spence of KREX5.

“The $ 600 per month for our two children made a difference, unfortunately it just isn’t enough; the cost of childcare after this credit will always be higher than our mortgage, ”continues Heintz.

The CLC has been around since 1976 to help families with work-related child care expenses.

However, during the pandemic, the American Rescue Plan Act made big credit readjustments, in the form of larger monthly checks; between $ 250 and $ 300.

With benefits set to end in December, families in Grand Junction are hoping Senator Bennet can help extend payments and continue to benefit families in that community who need them most.


Previous The Importance of Obtaining and Checking Your Credit Report
Next FHFA capital changes could stimulate credit risk transfer issuance