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Will the US child tax credit reduce poverty and improve outcomes for children and parents?

Vaitilingam, Romesh (2022) Will the US child tax credit reduce poverty and improve outcomes for children and parents? LSE Business Review (18 Feb 2022). Blog Entry.

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Abstract

The American Rescue Plan Act of 2021 temporarily increased the value of the child tax credit from $2,000 to $3,000 for children aged 6-16 and to $3,600 for younger children. To date, the Biden administration has been unable to renew the expansion of the child tax credit, amid broad public debate about its effects on child poverty and parental labour supply, as well as its potential longer-term fiscal benefits. A panel by the Initiative on Global Markets asked top economists for their views on key angles of the discussion. Romesh Vaitilingam sums up their opinions.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2022 The Author
Divisions: LSE
Subjects: H Social Sciences > HJ Public Finance
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HC Economic History and Conditions
Date Deposited: 25 Apr 2022 12:42
Last Modified: 25 Apr 2022 12:42
URI: http://eprints.lse.ac.uk/id/eprint/113948

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