Parents and caregivers with the Economic Security Project gather outside the White House in Washington to advocate for the Child Tax Credit in advance of the White House Conference on Hunger, Nutrition, and Health on Sept. 20, 2022.For six months we seemed to be making real progress against childhood poverty.The progress came as a consequence of a national emergency, the COVID-19 pandemic.
An August report from the Niskanen Center predicted that the CTC would “boost consumer spending by $27 billion, generate $1.9 billion in revenues from state and local sales taxes, and support over 500,000 full time jobs at the median wage.” That’s how things usually work — or used to work — in Washington, particularly for programs like Social Security or Medicare that become popular enough to be “political third rails,” as the saying goes, touch it and you die.
His Family Security Act 2.0 would award parents $4,200 a year for each child under 6, and $3,000 for older youngsters under 17. His tax credits, reducing dollars owed to the IRS, would net most poor families more in cash refunds than federal taxes owed, sort of like a Republican FDR.
So Clarence Page talks about poverty. The Old Joe admin & the Democratic Congress, with help from the Fed, has printed trillions of dollars, and has rained that money down like confetti. And we still have poverty?
Step 1) Get rid of the Biden Admin and Bidenflation
The 'war on poverty' has cost $14 TRILLION dollars so far. Maybe it's time to try something else?