Last week, the first monthly payments in the new Child Tax Credit program were paid to families, including nearly 60 million eligible children in the first monthly payment totaling $15 billion.
Eligible families received a payment of up to $300 month for each child under age 6 and up to $250 per month for each child age 6-17.
The program is projected to lift 5 million children out of poverty, cutting the childhood poverty rate in half. Economic analyst Dr. Hank Fishkind tells WMFE's Nicole Darden Creston what this means for Central Florida's economy.
