Finally, kids pay off

Post Reports

The Washington Post

Daily News, Politics, News

4.4 • 5.1K Ratings

🗓️ 19 May 2021

⏱️ ? minutes

🔗️ Recording | iTunes | RSS

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Summary

A new tax benefit aims to cut U.S. child poverty in half — if it can reach the parents who need it most. And what happens when the world’s fourth richest person gets a divorce.

Democrats passed a new child tax credit that they hope will cut U.S. child poverty in half. Millions of parents will start getting money as soon as July. But will it reach the families most in need? White House economics writer Jeff Stein reports.

After 27 years of marriage and philanthropic partnership, Bill and Melinda Gates are calling it quits. For tech reporter Jay Greene, it’s a moment to reexamine Bill Gates’s image.

Post Reports is now a Webby Award winner. We won for best episode of a news and politics podcast, for our story “The Life of George Floyd.”

Transcript

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0:00.0	Give a helping hand this holiday season with the Washington Post helping hand.
0:04.6	This is John Kelly and I'm writing about Bread for the City, Friendship Place, and Miriam's Kitchen over the next few weeks.
0:11.1	Go to posthelpinghand.com to learn more and donate today.
0:19.6	From the newsroom of the Washington Post.
0:22.8	Hi, this Ben Terris coming from the Washington Post.
0:24.6	Hi Jeff, with Winfrey Oprah.
0:26.8	Hi there, how are you?
0:28.4	It's Lisa bonus, Kelly for the Post.
0:30.4	This is Post Reports.
0:31.8	I'm Martine Powers.
0:35.4	It's Wednesday, May 19th.
0:40.6	Today, the new tax credit changing how we think about child poverty.
0:45.0	And a brief history of the reinvention of Bill Gates.
0:53.0	On Monday, Biden administration officials made a big announcement.
0:56.0	We need to give ordinary families a break, a tax break.
1:01.6	Jeff Stein is the White House economics reporter for the Post.
1:04.8	He has been covering the expansion of the child tax credit.
1:08.6	Dr. Editor Alexis Dio.
1:10.6	90% of the families, all middle class working class families, will get this tax cut.
1:17.0	It's a one year cut that reduces your taxes by $3,000 a year.
1:23.2	For each child you have under the age of 18.
1:26.2	Two kids, it's a $6,000 tax cut.
	...

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