This piece was originally published in the Milken Institute Review on April 25, 2022. Read the full article here.
Here’s a pop quiz (think-tank nerds not eligible): What’s the federal child tax credit — and why should you care? If this seems like a question of minor interest at a time when you have real things to worry about, like the price of ground beef and what comes after Omicron, join the crowd. The fact is, the low profile of the child tax credit and subsequent public indifference contribute to a tragedy in the making.
The CTC offers a rare opportunity in the partisan wasteland of American politics: renewal of the subsidy would represent a big step toward creating a better social safety net that could unite people of goodwill across the ideological spectrum.
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