We are encouraged by Governor Pritzker’s State of the State and Budget Address, particularly the inclusion of a state Child Tax Credit. This proposal marks a significant step towards providing economic relief and support to thousands of families in Illinois. Child poverty was cut in half as a result of Biden's expanding Child Tax Credit in 2021. Childhood hunger was dramatically reduced, educational outcomes were improved, and there was a boost in the economy as a whole. With the prices of goods and services increasing, our families have a greater need for the Child Tax Credit than ever before.
With a state Child Tax Credit, parents will have enough money to spend on food, formula, bills, and clothes for their growing children. It empowers them to make decisions that are in the best interest of their families. By recognizing parents' crucial role in nurturing their children's well-being, this proposal acknowledges the importance of financial stability for families.
For the families of the Workers Center for Racial Justice, the impact of a state Child Tax Credit will be transformative. Many parents struggle to make ends meet, often facing financial challenges unique to their communities. By providing financial support, this tax credit will help alleviate some of their burden, allowing them to focus on providing for their children's basic needs.
We applaud the Governor's commitment to supporting families, particularly those from marginalized communities. Illinois ranks as the poorest state for racial financial equality. Research shows that 60% of state CTC money is allocated directly to black and brown families. A state Child Tax Credit will help alleviate systemic disparities and promote a more equitable society for all Illinois residents.
We look forward to working closely with Governor Pritzker, the General Assembly, and other stakeholders to ensure the Child Tax Credit is implemented and reaches families that need it the most. Let’s make Illinois the 15th state to have a Child Tax Credit. Together, we can create a future where every family in Illinois has access to the resources they need to thrive.
In Solidarity,
The Workers Center for Racial Justice