Researcher: Biden’s financial reduction plan might minimize little one poverty in half

They add that the additional measures included in Biden’s proposal – “an increased minimum wage, childcare allowance, rent support and more” – would also reduce poverty among families with children, but would only provide information to assess the above emergency measures. The tax credit expansion is large for young families from currently USD 2,000 per child under 17 years of age. Biden would like this tax credit to be fully refunded.

“This is really big news in the world of people who care about low-income children,” Elaine Maag, senior research fellow at Urban-Brookings Tax Policy Center, told CNBC after the Biden team announced Thursday Had published plan. The National Association of Counties is extremely enthusiastic. “District governments play a vital role in combating child poverty. They work with state and federal governments to manage social safety net services and use local dollars to support innovative programs that help children thrive and facilitate economic mobility among people Promote generations, “they write. They have asked the federal government to cut child poverty in half in ten years, so the accelerated timeline for Biden’s plan – if elements could be used permanently after the pandemic – would be enormous.

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