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Home / Market News / Key Words: The new monthly payments of up to $300 per child won’t be ‘a sustained policy,’ says conservative analyst Key Words: The new monthly payments of up to $300 per child won’t be ‘a sustained policy,’ says conservative analyst While some experts from across the political spectrum expect a long life for the new monthly Child Tax Credit payments that began this month, the Heritage Foundation’s Robert Rector isn’t convinced. Market Summary Retirement Intelligence Risk Disclaimer - By using this web site you agree to its terms and conditions. All materi...

  >> 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...

It’s Christmas in July. The federal government this week began sending millions of families monthly cash payments through the new, expanded Child Tax Credit. Through the end of the year, all but the wealthiest families with children will receive $250 per month per child ages six to 17 and $300 per month for each child under six. Most parents will receive the payments as direct deposits and will take the remainder as a credit when they file their 2021 taxes next year. “The Child Tax Credit in the American Rescue Plan provides the largest Child Tax Credit ever and historic relief to t...

Veronique de Rugy: Expanding the child tax credit ignores historical precedent Veronique de Rugy Marketing is everything in politics. It explains why a tax credit that benefits 90% of American families with kids - some of them with income higher than $400,000 - is marketed as an anti-poverty measure. But in politics, that marketing is often an illusion that hides the hard consequences of a preferred policy. With the latest COVID-19 relief package, Congress expanded the child tax credit, increasing the maximum amount a taxpayer could claim from $2,000 per child to $3,000 for those aged 6-17 a...

Progressive is a misnomer June 2, 2021 It has been said that he who frames the debate wins the debate. I think the “progressives” were brilliant to coin this term. But in reality, it’s one big lie. Progress is a good thing, but many of the policies of the so-called “progressives” is anti-progress. “Progressive” is a misnomer. As my boss, Dr. Frank Wright notes, “Using the fraudulent manipulation of language, Leftist progressives aim to advance their political, environmental, quasi-scientific, and socialistic agenda.” And the Bible says in Isaiah 5, “Woe to those who call evil good”...