The following is the opinion and analysis of the writer:
The last two years have seen Americans facing once-a-century health and economic challenges and overlapping national and international crises. But, amidst the darkness of the pandemic, a positive path forward for our country has become visible: a strong commitment to key public investments and policies that will help boost children and families, revitalizing economic growth in our state as we face an increasingly competitive global environment.
Finding solutions and opportunities in the face of significant challenges was the essence of my career in Army intelligence. These challenges were almost invariably multifaceted, requiring holistic, multidimensional solutions, but often created space to gain decisive advantage.
That’s where we find ourselves today in Arizona and across the country. But we’ve also begun to see efforts that can create lasting change. These actions have the potential to push back against economic, health and work challenges that existed even before COVID-19, but which accelerated under the strain of this unprecedented emergency.
One of the actions taken by Congress in response to the pandemic was the passage of the American Rescue Plan (ARP). Among other provisions, the ARP enhanced the Child Tax Credit (CTC), a tax provision that helps increase financial security for families with children. CTC is now fully refundable, meaning that more lower-income families now qualify for the full value of the tax credit. And, as begun in July, families can receive direct monthly payments of up to 50% of their credit.