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Fishkind Conversations: How the Child Tax Credit will affect Central Florida families

Hank Fishkind. Photo: Matthew Peddie, WMFE
Hank Fishkind. Photo: Matthew Peddie, WMFE

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.

Nicole came to Central Florida to attend Rollins College and started working for Orlando’s ABC News Radio affiliate shortly after graduation. She joined Central Florida Public Media in 2010. As a field reporter, news anchor and radio show host in the City Beautiful, she has covered everything from local arts to national elections, from extraordinary hurricanes to historic space flights, from the people and procedures of Florida’s justice system to the changing face of the state’s economy.