HOW BUILD BACK BETTER HELPS IA-03

Rep. Cindy Axne (IA-03)

Child Care

Child Tax Credit 

  • In IA-03, approximately 12% of young children live in poverty.
  • About 172,000 children in IA-03 qualify for the enhanced Child Tax Credit payments, and a total of 98,000 payments were made to IA-03 families in October.
  • The average payment per household across the state of Iowa was $461.
  • The Build Back Better Act will extend the fully refundable enhanced Child Tax Credit to provide up to $3,600 per qualified child until 2023.

Health Care

Prescription Drugs

Earned Income Tax Credit

  • The Build Back Better Act will extend the current expanded Earned Income Tax Credit for childless workers of up to $1,502 for one year.
  • An estimated 52,000 working families in IA-03 will benefit from the expanded Earned Income Tax Credit.

Clean Energy

Housing

  • IA-03 faces an affordable housing shortage of over 10,611 homes, meanwhile, 20% of all renter households in the district are severely cost-burdened.
  • The Build Back Better Act will make the largest investment in history for the construction, rehabilitation, and improvement of affordable housing.
  • The Act will also make historic investments in rental and down payment assistance programs.