RELATING TO INCREASING THE DEBT LIMIT--Continued
Madam President, it is a wonderful moment to be here with my colleagues to acknowledge that in March we passed the biggest reduction in poverty in generations in our country. That was through the expansion of the child tax credit, which…
Madam President, it is a wonderful moment to be here with my colleagues to acknowledge that in March we passed the biggest reduction in poverty in generations in our country. That was through the expansion of the child tax credit, which increased the credit, made it payable on a
monthly basis, and, for the first time in American history, made it fully refundable so the millions of children in this country who were too poor to get the benefit of the credit because their families were too poor would get the benefit of that credit. And we needed to do it.
The United States, before we passed this, was 38th out of 41 industrialized countries in the world when it came to childhood poverty. The poorest generation in this country are our children, and I think what we said was that there is no reason for us to accept those outcomes or those numbers as a permanent feature of our economy or our democracy. And in the end, this isn't about numbers. This is about children all over our country and the future of the United States of America.
Childhood poverty costs this country a trillion dollars a year, and one of the things we decided was that maybe, instead of paying for the effects of childhood poverty, we could actually begin to try to reduce the amount of childhood poverty that exists in our country, the way other countries around the world have already done it.
Nationally, the child tax credit, as I say, is cutting childhood poverty in half. It is reducing hunger among families by a quarter. Let that linger for a second.
When was the last time we were able to come to the floor of the Senate and say we cut hunger in this country by a quarter? It has been generations since anybody has been able to say that on this floor.
In Colorado, a million kids and their families are benefitting from this credit. That is 90 percent of the kids in my State. It is 90 percent of the kids across the country. Parents in Colorado are getting an average of $240 a month to pay for groceries, to help with the rent, and, really importantly, to pay for a little extra childcare so people can stay at work. And I know that because of what parents have told me they are spending the money on.
When we first passed this credit back in June--I think it was then that it first went into effect--July and August, people were getting ready to go back to school, and I had mom after mom after mom across the State tell me how important it was that they were able to buy school clothes for their kids without bankrupting their family, for the first time.
And, you know, all of this is the reflection of an economy that for 50 years has worked extremely well for the top 10 percent of Americans and hasn't really worked for anybody else, and where the families who come to see me in my townhall say: Michael, we are working really hard, but no matter what we do, we can't afford some combination of housing, healthcare, higher education, early childhood education, if we can even find early childhood education or daycare.
We can't save. We feel like our families are going to live a more diminished life than we did and that our kids will as well.
So I brought a few photos today to the floor to share some stories of Coloradans with all of you and my colleagues.
This is April Pratt from El Paso County, and she lives there with her three daughters, who are ages 8, 2\1/2\, and 1\1/2\.
When April was pregnant with her youngest daughter, her husband tragically passed away. Now, she is the sole breadwinner for the family. And although she works full-time at the local school, there is not much left after her mortgage, diapers, and groceries for three young kids. Let me just say that again. She works full-time.
Before the Child Tax Credit, April said she ``felt like I was having a lot of anxiety every month about whether I was going to be able to afford my bills. It was eating up a lot of my attention.''
Thanks to the child tax credit, April can afford the $1,200 a month for childcare for her two youngest daughters so she can work--so she can work. She said, ``If I wasn't able to afford childcare, I'd have to quit my job.''
Without the child tax credit, April said that she would be ``forced to use my credit card to fill in the gaps, and that debt just accumulates and accumulates, and that becomes crippling, and my family wouldn't be able to get ahead.'' She said it was ``nice that our government is finally doing something to help working families and middle-class families.''
Finally, after we have cut taxes for the wealthiest people in this country by more than $5 trillion since 2001, we finally have a tax cut for working families. We should be making it permanent.
This is Amberly Atencio, also from Colorado. She is here with her three girls that are ages 9, 12, and 14. When I got to this place, my daughters were 9, 7, and 4, so I have some appreciation for what she has got on her hands.
They lived their entire lives in Monte Vista, a small town in southwest Colorado in the San Luis Valley. And for the past 3 years, Amberly has been working full-time and studying. And last week, she graduated with her second associate's degree.
She works for a local health insurance company. And before the child tax credit, her paycheck was the only source of income for her family. She said that knowing that monthly support comes on the same day each month helps her pay the rent and buy food. She said: ``I'm a single parent. This is like heaven to me, knowing that I have that extra income to provide for my children. . . . It has helped so much.''
Her daughters love sports--soccer, basketball, volleyball, and track. But between the shorts, knee pads, cleats, shin guards, and fees, it all adds up. And with the child tax credit, she has bought that equipment for her daughters so they can play sports with their friends, which means the world to them.
I had a mom who told me that she had bought a bike for her son and he was able to take it to stay at school late to engage in afterschool activities he otherwise wouldn't be able to do without that bike.
And, finally, here is Ayesha Bogart from Colorado Springs. Here is another mom from the Springs with her three kids, aged 12, 13, and 23. Ayesha served for 16 years as a medic in the U.S. Army and U.S. Army Reserves. While she was on Active Duty, she was injured during a training accident when her Humvee rolled over, and it left her with a traumatic brain injury. Now, she is a single mom supporting three kids all by herself. And before the child tax credit, she couldn't afford to buy new shoes for her kids.
She said there were days when they didn't have shampoo at home and her kids would get teased at school. Thanks to the child tax credit, she bought her kids new pairs of shoes. She bought them school supplies so they feel like they are on a level playing field with the other children in their school. She said the child tax credit has given her ``breathing room where there wasn't any before.''
I have heard stories like that all across the State of Colorado. This is not an anecdotal reflection of people not working hard. All of these people are working hard. It is hard work just to raise a child, much less do the kind of jobs these folks are doing. And the economy has worked really well for the top 10 percent, as I said, but hasn't really worked for anybody else.
And what has Washington's response been time and time and time again? To come here and cut taxes for the richest people in America and ignore the needs of working people. That is what we have done since 2001, $8 trillion in tax cuts, almost all of which have gone to the wealthiest people in this country.
And now, we have a tax cut for working people in an economy that has not lifted them up the way it has lifted the people at the very top. We are saying we don't have to accept childhood poverty as a permanent feature of our economy or our democracy. We don't have to accept an economy where it only grows for the wealthiest Americans. We don't have to accept that Congress is only paying attention to special interests and to the wealthiest Americans.
We can build an economy that includes everybody, that when it grows, everybody benefits from it because the whole society benefits from this as well. Childhood poverty costs this country $1 trillion a year. We can't afford not to do it, which is why so many other countries in the world have done this.
We can create opportunity for every American family and give every child a chance to contribute to this economy and to our society. And I believe it is fundamentally important to strengthening our democracy, making sure we
have got something we are proud of to turn over to the next generation of Americans.
That is why it is critical for us to extend this child tax credit, to not allow it to lapse at the end of the year, and in my mind, make it permanent. I would argue that we cannot afford not to.
I yield the floor.
Mr. President, I suggest the absence of a quorum.