Saturday, March 19, 2016
CHILD ALLOWANCE COULD REDUCE POVERTY
A universal child allowance and an expanded Child Tax Credit (CTC) would reduce the child poverty rate, according to a new report, Doing More for Our Children. The report notes that nearly 17% of children in the U.S. lived in poverty in 2013 and finds that a universal $2,500 per child allowance for families would cut that rate to 11.4%. The report argues that the investment necessary for such a policy -- about $110 billion per year -- is worth the dramatic reduction in child poverty.
Source: Century Foundation, 3/16/16, Child Allowance