HOW BUILD BACK BETTER HELPS NJ-05

Rep. Josh Gottheimer (NJ-05)

Child Care

Child Tax Credit 

  • In NJ-05, approximately 6% of young children live in poverty.
  • About 108,000 children in NJ-05 qualify for the enhanced Child Tax Credit payments, and a total of 78,000 payments were made to NJ-05 families in October.
  • The average payment per household across the state of New Jersey was $404.
  • 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 29,000 working families in NJ-05 will benefit from the expanded Earned Income Tax Credit.

Clean Energy

Housing

  • NJ-05 faces an affordable housing shortage of over 15,962 homes, meanwhile, 25% 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.