This week, U.S. Rep. Kathy Castor, D-Fla., showcased a new report from the Joint Economic Committee on the impact of the new tax cut for most families with children, showing a total of $172.6 million in payments went into the pockets of families in the Tampa Bay region.
Across Florida, 2,283,000 monthly tax cuts went to families in October for a total of $938.6 million. The average payment per household was $411.
Castor weighed in on the report.
“Our children are back in the classroom learning and parents are looking ahead to the holiday season – there is truly no more critical time for these lifeline payments to land in the bank accounts of our Tampa Bay neighbors,” she said. “The historic child tax credit payments are helping parents put food on the table, gas in their cars, purchase diapers, clothes, school supplies, and so much more. I am heartened to hear from our neighbors about how the tax cut for families is helping them while also giving the Tampa economy a boost as we bounce back from the Covid19 pandemic.
“Putting Florida families and children first is how we Build Back Better in the days ahead,” Castor added.