Opinion: America Betrays Its Children Again

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“More than half of the rise in child poverty could have been avoided by extending the 2021 enhancement of the child tax credit. Such an extension would probably have had a direct budget cost of about $105 billion a year. That may sound like a lot to people who aren’t familiar with the sizes of both the U.S. economy and other major social programs. But it’s actually a modest sum. It’s less than half a percent of the country’s gross domestic product. It’s a small fraction of what we spend on Social Security ($1.3 trillion) and Medicare ($800 billion). It’s only a bit more than half the annual revenue loss from the 2017 Trump tax cut.”

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