Summary

Article Metadata

Expanded Child Tax Credit Benefits

This is a Ananat news story, published by Vox, that relates primarily to Kamala Harris' news.

Ananat news

For more Ananat news, you can click here:

more Ananat news

Kamala Harris' news

For more Kamala Harris' news, you can click here:

more Kamala Harris' news

News about labor activism

For more labor activism news, you can click here:

more labor activism news

Vox news

For more news from Vox, you can click here:

more news from Vox

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best politics news, business news, entertainment news, and much more. If you like this article about labor activism, you might also like this article about

child allowance decades

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest refundable child tax credit news, hypothetical child allowance news, news about labor activism, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

child tax credit

Vox

•

Do the benefits of the expanded child tax credit actually fade with time?

Summary

Nutrition label

84% Informative

A new study argues the long-run benefits outweigh the costs nearly 10 to 1.

The expanded child tax credit lifted 2.1 million children out of poverty who would’ve otherwise been left behind.

Some economists remain skeptical, unmoved by the steady stream of positive research on short-term programs — which they concede looks very good.

Vice President Kamala Harris' proposed child allowance would cost $1.6 trillion over 10 years .

It could be decades before the full value of that nearly one trillion is realized.

Every year that the child allowance is in place will reap another $929 billion in long-term benefits, Ananat and Garfinkel say.

A new study predicts that the expanded CTC would drive 1.5 million working parents to quit their jobs.

Peter Bergen : The decision to implement a child allowance will always have to be made under some degree of uncertainty.

He says the flood of research on the temporary expansion washed away most uncertainty about the short term.

Bergen says it doesn't look to be hastening a grim and jobless future.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

https://widerquist.com/basic-income-guarantee-experiments-1970s-quick-summary-results/https://www.usda.gov/media/blog/2014/10/15/commemorating-history-snap-looking-back-food-stamp-act-1964#:~:text=On%20August%2031%2C%201964%2C%20President,struggling%20to%20make%20ends%20meet.https://harris.uchicago.edu/directory/bruce-d-meyer https://policies.google.com/terms https://www.cbpp.org/research/federal-tax/recovery-package-should-permanently-include-families-with-low-incomes-in-full https://www.nber.org/papers/w29823 https://jainfamilyinstitute.org/the-expanded-child-tax-credit-and-parental-employment-tenuous-evidence-points-to-work-disincentives/https://www.aei.org/op-eds/unintended-consequences-democrats-child-tax-credit-will-cost-jobs/https://static1.squarespace.com/static/5ecd75a3c406d1318b20454d/t/6148f183c62fb147d0d25138/1632170373799/Economist+CTC+Letter+9-14-21+430pm.pdf https://taxfoundation.org/blog/harris-child-tax-credit-economic-agenda/https://cprc.columbia.edu/directory/irwin-garfinkel https://documents1.worldbank.org/curated/en/617631468001808739/pdf/WPS6886.pdf https://economics.barnard.edu/profiles/elizabeth-ananat https://www.cbpp.org/research/federal-tax/year-end-tax-policy-priority-expand-the-child-tax-credit-for-the-19-million https://www.filesforprogress.org/memos/MEMO-FCF-CTC.pdf https://www.axios.com/2021/10/17/scoop-manchins-red-lines https://tcf.org/content/commentary/investing-in-our-kids-using-one-simple-tool-cash/https://www.cambridge.org/core/journals/journal-of-benefit-cost-analysis/article/benefits-and-costs-of-a-child-allowance/665380DF301F990D8FDB06A7BB3D5BD9 https://www.econlib.org/library/Enc/ForecastingandEconometricModels.html https://www.aei.org/profile/scott-winship/https://abcnews.go.com/Politics/sen-joe-manchin-suggests-child-tax-credit-payments/story?id=81865740 https://www.census.gov/content/dam/Census/library/working-papers/2022/demo/sehsd-wp2022-24.pdf https://www.voxmedia.com/legal/terms-of-use https://www.nber.org/papers/w29366 https://jainfamilyinstitute.org/our-team/jack-landry/https://www.google.com/books/edition/The_Uncontrollability_of_the_World/_5EBEAAAQBAJ?hl=en https://socialwelfare.library.vcu.edu/programs/mothers-aid/https://vox.memberful.com/checkout?plan=99544&itm_campaign=swati-launch-banner&itm_medium=site&itm_source=footer https://www.cbsnews.com/news/child-tax-credit-senate-vote/https://taxfoundation.org/research/all/federal/kamala-harris-tax-plan-2024/https://grantseiter.com/CTC-Labor-Response/intro.html https://taxfoundation.org/blog/expanded-child-tax-credit-permanent/https://www.niskanencenter.org/bad-arguments-child-allowance/https://www.nber.org/papers/w32870 https://www.washingtonpost.com/opinions/2021/10/14/press-pause-rush-extend-child-tax-credit/https://guaranteedincome.us/https://www.voxmedia.com/legal/privacy-notice https://www.nber.org/papers/w24337 https://cpb-us-w2.wpmucdn.com/voices.uchicago.edu/dist/a/3122/files/2021/10/Note-on-Participation-Elasticities_10_21_2021.pdf https://www.povertycenter.columbia.edu/publication/2024/updating-benefit-cost-child-allowance-model https://policies.google.com/privacy https://www.aei.org/profile/kevin-corinth/https://www.cbpp.org/blog/9-in-10-families-with-low-incomes-are-using-child-tax-credits-to-pay-for-necessities-education#:~:text=Poverty%20and%20Inequality-,9%20in%2010%20Families%20With%20Low%20Incomes%20Are%20Using%20Child,to%20Pay%20for%20Necessities%2C%20Education&text=Some%2091%20percent%20of%20families,%2C%20and%20utilities%20%E2%80%94%20or%20education.https://www.nytimes.com/2022/12/20/opinion/child-tax-credit-basic-income.html

Affiliate links

no affiliate links

Read full article