In the American Rescue Plan, passed at the outset of the Biden administration, Congress greatly expanded the Child Tax Credit (CTC) to virtually all families with children, and paid it out monthly for the first time. …
The expanded Child Tax Credit is expensive, but it is an investment. Economists have found that taxpayers get 84 cents back for every dollar spent in children being healthier with decreased health care costs, less costs for child protection and foster care, and higher wages and taxes paid. The investment pays off tenfold, as children get more education and training, there is less crime, parents earn more money and pay more taxes, and people are healthier and live longer.
But if the Child Tax Credit is really going to become “Social Security for children,” then it also must be good politics.
Fortunately, it is. CONTINUED
Stanley B. Greenberg (Greenberg Research), American Prospect
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