ECONOMISTS
URGE CONGRESS TO REINSTATE CHILD TAX CREDIT TO FIGHT POVERTY
By Julia Conley
Experts on anti-poverty policies urged lawmakers weighing tax legislation to consider evidence that became strikingly clear in 2021 : Guaranteeing that families have money on a monthly basis to provide for their children , via the expanded child tax credit , helped ensure that far fewer kids struggled with insufficient food and other essentials .
The Center on Budget and Policy Priorities ( CBPP ) noted that policymakers have reportedly begun negotiating a possible yearend tax bill and have already heard from dozens of pro-business groups from across the country that have called for a tax code that “ supports innovation ” and enables businesses to “ finance growth .”
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