Business Organizations Support the Child Tax Credit

Date: 
Tuesday, December 7, 2021

Today, Small Business Majority, Main Street Alliance and American Sustainable Business Network sent a letter to Congressional leaders underscoring their support of the Child Tax Credit (CTC). America’s entrepreneurs will benefit from the CTC because it has been proven to encourage entrepreneurship. Self-employment grew after CTC payments, particularly among low-income parents. According to a recent study, among those making less than $50,000, entrepreneurship grew about 3% equating to about 300,0000 new small business owners across the country. What’s more, it’s important to note that that women represent 95% of the child care workforce and providers are two and a half times more likely to be Black or Latina. Putting dollars back into the hands of families will support small child care businesses owned by women and people of color. 

 

Issues: