{"id":6497,"date":"2021-11-04T15:18:47","date_gmt":"2021-11-04T15:18:47","guid":{"rendered":"http:\/\/lonecandle.com\/?p=6497"},"modified":"2021-11-04T15:18:47","modified_gmt":"2021-11-04T15:18:47","slug":"democrats-may-let-the-best-weapon-against-child-poverty-fade-away","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=6497","title":{"rendered":"Democrats may let the best weapon against child poverty fade away"},"content":{"rendered":"\n

\n\n“The expanded child tax credit<\/a>, a policy passed in March 2021 that beefed up monthly payments to most families with kids, has already had a massive, positive effect on the lives of America\u2019s children. After just one monthly payment, it cut child poverty by 25 percent<\/a> \u2014 and should the larger payments continue, it could slash child poverty by more than 40 percent<\/a> in a typical year, according to the Urban Institute.<\/p>\n\n\n\n

This is a huge decline in a very short time frame. According to the Brookings Institution, child poverty rates dropped by 26 percent<\/a> between 2009 and 2019, meaning the tax credit accomplished in one month what other policies took a decade to achieve.<\/p>\n\n\n\n

Despite that success, the expanded child tax credit (CTC) is in serious danger. As part of their budget negotiations, Democrats are debating how long to extend the program \u2014 most likely for a year, with some calling for a four-year (or even indefinite) extension. In the best-case scenario with a short extension, the program will probably run out of money by the end of 2022. In the worst-case scenario, it could end as soon as April 2022, when families are currently due to receive their final enhanced payment.”<\/p>\n\n\n\n

…<\/p>\n\n\n\n

“Opponents of the policy<\/a>, however, argue that these payments could deter recipients from working since parents without an income can receive the help as well. Manchin has expressed this concern, arguing that work and\/or education requirements ought to be added to the policy should it be extended. \u201cDon\u2019t you think, if we\u2019re going to help the children, that the people should make some effort?\u201d Manchin<\/a> has said.<\/p>\n\n\n\n

Some researchers<\/a> have pushed back against this view, noting that a continual credit might help parents join the workforce by enabling them to afford basic services like child care. Given that the expanded child tax credit has only been distributed since July, it\u2019s too early to ascertain which argument is correct, though data from a Columbia University study found<\/a> that the credit hadn\u2019t had a \u201csignificant effect on employment or labor force participation\u201d so far.<\/p>\n\n\n\n

There is also debate as to whether access to the credit should be capped even more. Right now, families that make up to $150,000 a year receive the full boost, a figure that Manchin would like to see go down. Manchin has argued<\/a> that the policy should be capped at households that make $60,000 or less.<\/p>\n\n\n\n

Proponents of a more universal policy, meanwhile, argue that broadening the constituency that benefits from the credit will increase its political support. More universal programs including Social Security and Medicare are some of the most popular government offerings and have polled better than Medicaid, which is means-tested<\/a>.”<\/p>\n\n\n\n

https:\/\/www.vox.com\/22744783\/expanded-federal-child-tax-credit-2021<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“The expanded child tax credit, a policy passed in March 2021 that beefed up monthly payments to most families with kids, has already had a massive, positive effect on the lives of America\u2019s children. After just one monthly payment, it cut child poverty by 25 percent \u2014 and should the larger payments continue, it could slash child poverty by more than 40 percent in a typical year, according to the Urban Institute.<\/p>\n

This is a huge decline in a very short time frame. According to the Brookings Institution, child poverty rates dropped by 26 percent between 2009 and 2019, meaning the tax credit accomplished in one month what other policies took a decade to achieve.<\/p>\n

Despite that success, the expanded child tax credit (CTC) is in serious danger. As part of their budget negotiations, Democrats are debating how long to extend the program \u2014 most likely for a year, with some calling for a four-year (or even indefinite) extension. In the best-case scenario with a short extension, the program will probably run out of money by the end of 2022. In the worst-case scenario, it could end as soon as April 2022, when families are currently due to receive their final enhanced payment.”<\/p>\n

…<\/p>\n

“Opponents of the policy, however, argue that these payments could deter recipients from working since parents without an income can receive the help as well. Manchin has expressed this concern, arguing that work and\/or education requirements ought to be added to the policy should it be extended. \u201cDon\u2019t you think, if we\u2019re going to help the children, that the people should make some effort?\u201d Manchin has said.<\/p>\n

Some researchers have pushed back against this view, noting that a continual credit might help parents join the workforce by enabling them to afford basic services like child care. Given that the expanded child tax credit has only been distributed since July, it\u2019s too early to ascertain which argument is correct, though data from a Columbia University study found that the credit hadn\u2019t had a \u201csignificant effect on employment or labor force participation\u201d so far.<\/p>\n

There is also debate as to whether access to the credit should be capped even more. Right now, families that make up to $150,000 a year receive the full boost, a figure that Manchin would like to see go down. Manchin has argued that the policy should be capped at households that make $60,000 or less.<\/p>\n

Proponents of a more universal policy, meanwhile, argue that broadening the constituency that benefits from the credit will increase its political support. More universal programs including Social Security and Medicare are some of the most popular government offerings and have polled better than Medicaid, which is means-tested.”<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[166,1236,542,1262,906],"class_list":["post-6497","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-child-poverty","tag-child-tax-credit","tag-congress","tag-democrats","tag-legislation"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6497"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6497\/revisions"}],"predecessor-version":[{"id":6498,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6497\/revisions\/6498"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}