September 13, 2023
From The New Republic:
With new data showing that the child poverty rate jumped dramatically in 2022, Democrats in Congress are pressing forward with their perhaps quixotic effort to reinstate the expanded child tax credit. Implemented in the second half of 2021, the credit contributed to a significant cut in child poverty that year.
Republicans have pointed to the cost of the expanded credit, although some experts argue the returns on it would be 10 times the price tag. “That’s incredibly short-sighted, because there is a cost to doing nothing,” Representative Suzan DelBene said of Republican cost concerns.
Read the full article here.