> In 2021, as the economy reeled from the pandemic, a one-year expansion of the child tax credit led to a historic 46 percent decline in the child poverty rate. But new census data shows a dramatic reversal with the rate of children in poverty skyrocketing in 2022. Experts say it’s due to the end of pandemic-era safety net policies and inflation.
https://www.pbs.org/newshour/show/child-poverty-increases-sh...
> In 2021, as the economy reeled from the pandemic, a one-year expansion of the child tax credit led to a historic 46 percent decline in the child poverty rate. But new census data shows a dramatic reversal with the rate of children in poverty skyrocketing in 2022. Experts say it’s due to the end of pandemic-era safety net policies and inflation.
https://www.nytimes.com/2022/11/25/us/politics/child-tax-cre... cites the cost of that expansion as $100B.