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The monthly payments millions of American families have received may end after one year as Democrats look to cut spending plan.
The monthly payments millions of American families have received may end after one year as Democrats look to cut spending plan.
Democrats are deciding what to keep or cut in their $5 trillion spending bill, and here is one proposal that Sen. Joe Manchin ought to excise: Converting the child tax credit into a universal basic income, which will discourage the work and advancement essential to escape poverty. New research this week suggests that the bill could drive more than one million workers from the labor force.
by Veronique de Rugy The Wall Street Journal’s editors have written another great editorial, this time on the expansion of the child tax cr
>> Jason DeParle, The New York Times Published: 29 Jul 2021 11:55 AM BdST Updated: 29 Jul 2021 11:55 AM BdST Kathryn Goodwin with her children at their home in Saint Charles, Mo, on July 25, 2021. From left: Aliyah, 6; Vivian, 3; Xavier, 5; Evelyn, 2; and Chloe, 11. (Sarahbeth Maney/The New York Times) The huge increase in government aid prompted by the coronavirus pandemic will cut poverty nearly in half this year from prepandemic levels and push the share of Americans in poverty to the lowest level on record, according to the most comprehensive analysis yet of a vast but temporary ex...