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Senate Banking, Housing & Urban Affairs Committee Issues Testimony From Center on Budget & Policy Priorities President Parrott

Senate Banking, Housing & Urban Affairs Committee Issues Testimony From Center on Budget & Policy Priorities President Parrott
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Here's how the stimulus will change the Child Tax Credit, and why it could cut child poverty in half

Here s how the stimulus will change the Child Tax Credit, and why it could cut child poverty in half
The expansion of the tax credit will result in more money for nearly 90% of children and their families.
Author: Kent Erdahl
Updated: 8:53 PM CST March 11, 2021
MINNEAPOLIS The $1.9 trillion stimulus bill now signed into law by President Joe Biden, doesn t just contain $1,400 checks for many Americans and COVID-19 relief money for states and businesses. It also dramatically expands the child tax credit in a way that could have a major impact on child poverty.
It really has the opportunity to be a transformation tool in the reduction of child poverty in America, said Barti Wahi, executive director of Children s Defense Fund Minnesota. ....

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Why Biden's job is about to get harder

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HARD SELL On the doorstep of signing a $1.9 trillion Covid relief bill into law, Joe Biden is already planning how to sell it to the public.
But what if it can’t be sold? ....

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Stimulus bill contains a policy many Democrats have wanted for years: Guaranteed income for families with children

The $1.9 trillion pandemic relief package advances an idea that some Democrats have pushed for decades: establishing a guaranteed income for families with children. ....

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How Biden's COVID-19 Relief Bill Addresses Poverty

The Center on Poverty and Social Policy at Columbia University found the president's coronavirus relief package would reduce a third of the poverty in the U.S. ....

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