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What Next: The Life and Death of the Expanded Child Tax Credit

Slate News

Slate Podcasts

News, News Commentary, Politics

4.66K Ratings

🗓️ 1 February 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

The expanded Child Tax Credit slashed childhood poverty in the U.S. by an estimated 30%. Why won’t congress revive it? Guest: Jordan Weissmann, writer and editor at Slate focused on economics, politics, and public policy. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Dear Prudence—and you’ll be supporting the work we do here on What Next. Sign up now at slate.com/whatnextplus to help support our work. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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like huddles for quick check-ins or Slack Connect, which helps you connect with partners

0:20.9

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0:26.9

Slack.com slash DHQ.

0:35.4

Back in the summer, there was this moment when something Congress did, started blowing

0:40.1

up on TikTok. When that child tax credit hit your account and you had no idea. Do you

0:47.2

remember the child tax credit TikTok videos from over the summer? People were pretty happy

0:52.7

about it.

0:57.7

Slates Jordan Weisman wrote about this moment. When suddenly, because of the American Rescue

1:02.6

Plan, the traditional child tax credit got expanded for several months. Just as a trial

1:08.6

demo, that's what got these families all over the country feeling flush. I mean, my

1:13.9

favorite was the woman who went on TikTok and said, I got my first child tax credit payment

1:21.0

today, which means the government has officially paid me more child support than my baby daddy

1:26.9

ever has. And then, like, all the ones with the TikTok lady voice, like, when you are

1:33.6

running low on your account. When you are running low on your account and finally receive

1:39.1

child tax credit. Yeah, people were thrilled. So I initially

1:49.0

interpret them as a really good sign for the Biden administration. If a policy is going

1:54.1

viral on TikTok, that usually means it's broken through to some extent in public consciousness.

1:58.8

But unfortunately, that was sort of when there was more optimism in general permeating the

2:05.3

Biden administration and its big plans and ambitions.

...

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