MA baby bonds expanded tax credits aim to end racial wealth divide / Public News Service

Legislation introduced in Massachusetts aims to reduce the racial wealth gap by creating a statewide "Baby Bonds" program. It is a publicly-funded, pooled trust fund for newborn children in low-income households without inherited wealth or opportunities to build it. Deb Goldberg, state treasurer, said the child can access the funds once they turn 18 to help them go to college, start a business or even buy a home. ...

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