• Media type: E-Book
  • Title: Pandemic Tax Relief Pummels Child Poverty : Time to Make It Permanent
  • Contributor: Lipman, Francine J. [VerfasserIn]
  • imprint: [S.l.]: SSRN, 2023
  • Extent: 1 Online-Ressource (2 p)
  • Language: English
  • Keywords: tax policy ; Child Tax Credit ; antipoverty programs ; social safety net ; refundable tax credits
  • Origination:
  • Footnote: In: 2 Human Rights 48 (2023)
    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 1, 2023 erstellt
  • Description: Despite this phenomenal success and the Biden administration’s strong support, a divided Congress narrowly failed to extend these enhancements to 2022. The adverse impact was immediate. The January 2022 monthly child poverty rate increased by more than 40 percent to 17 percent in January 2022, the highest rate since the end of 2020 representing 3.7 million children falling into poverty. Latinx and Black children experienced the largest increases in poverty (7.1 percent and 5.9 percent, respectively). As poverty data continues to flood in from the U.S. Census Bureau and others, the evidence is compelling that the 2021 CTC enhancements were an unprecedented success. All Congress has to do to salvage these kids from poverty is extend them. Dr. King’s wisdom from 1964 resonates today, “There is nothing new about poverty. What is new, however, is that we have the resources to get rid of it.”
  • Access State: Open Access