Politicians must realize that government handouts are not a quick solution to tackling child poverty, especially in troubled families where parents are not present.
If the experts are right, the United States is about to perform one of the great policy feats in the nation’s history.
Starting this month, under a newly retrofitted Child Tax Credit, the IRS will begin sending monthly checks of $250 per child ($300 for children under 6) to families with adjusted gross incomes under $150,000. Part of the COVID-era American Rescue Plan, the revamped CTC will benefit the large majority of American families with kids, but its biggest impact will be felt by the approximately 10 million children below the poverty line.
The prediction is eye-popping: The new law, the consensus has it, will slash child poverty in half.
Continue reading the entire piece here at the New York Post
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Kay S. Hymowitz is the William E. Simon Fellow at the Manhattan Institute and contributing editor at City Journal. She is the author of several books, most recently The New Brooklyn. Follow her on Twitter here. Adapted from City Journal.
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