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Child Tax Credit Forever? Some Lawmakers Are Pushing to Make It Permanent

Child Tax Credit Forever? Some Lawmakers Are Pushing to Make It Permanent
nationalinterest.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalinterest.org Daily Mail and Mail on Sunday newspapers.

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'Stimulus Checks' Forever? Is It Time to Permanently Expand the Child Tax Credit?

'Stimulus Checks' Forever? Is It Time to Permanently Expand the Child Tax Credit?
nationalinterest.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalinterest.org Daily Mail and Mail on Sunday newspapers.

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The Direct Cash Assistance and Tax Cuts in the American Rescue Plan Act - Center for American Progress

The Direct Cash Assistance and Tax Cuts in the American Rescue Plan Act
March 9, 2021, 9:23 am
The American Rescue Plan Act (ARPA) is on the verge of passage, as the U.S. Senate approved it on March 6. The House of Representatives is preparing for a vote today or tomorrow, March 9 or 10, setting it up for President Joe Biden’s signature.
To provide desperately needed relief to struggling families and speed the economy’s recovery from the COVID-19 pandemic, the bill includes an unprecedented amount of immediate cash relief and tax cuts to low- and middle-income families. Using illustrative examples, this column shows how low- and middle-income families will benefit enormously from the ARPA. ....

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RELEASE: Expanding the Child Tax Credit Would Lead to a Stronger and More Equitable Recovery

RELEASE: Expanding the Child Tax Credit Would Lead to a Stronger and More Equitable Recovery
Date: February 23, 2021
Contact: Julia Cusick
Washington, D.C. A new analysis from the Center for American Progress examines the benefits of expanding the child tax credit along the lines of what is proposed in the American Rescue Plan. The issue brief finds that provisions of the child tax credit expansion in the American Rescue Plan would have a dramatic impact on child poverty and be more effective at reducing child poverty than previous expansions. Key benefits include:
Reducing child poverty by 45 percent, lifting nearly 5 million children out of poverty ....

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A CRA To Meet the Challenge of Climate Change - Center for American Progress

A CRA To Meet the Challenge of Climate Change
Advancing the Fight Against Environmental Racism
Getty/Thomas B. Shea/AFP
A car gets towed while men walk in floodwaters on a road in Houston, August 2017, in the wake of Hurricane Harvey.
Julia Cusick
Introduction and summary
A federal law passed more than 40 years ago to address the discriminatory practice of redlining in low-income neighborhoods and communities of color can and should be modernized to address other systemic racism-fueled inequities. These inequities, including the disproportionate exposure to environmental hazards and climate-related challenges, have been exacerbated by the coronavirus pandemic.
The Community Reinvestment Act (CRA) was enacted in 1977 to combat redlining the practice of systematically denying mortgages and other financial services to communities based on their racial makeup and other forms of racial discrimination in lending. The CRA should be updated to spur lending, ....

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