Why is the child tax credit good economic policy? (with Wendy Bach)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 24 August 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Everything you need to know about what the expanded child tax credit actually is, why it’s good policy, and how it will impact people’s lives. Wendy Bach is a Professor of Law at the University of Tennessee, Knoxville. She is a nationally recognized expert in poverty law. Twitter: @wendyabach Biden’s child tax credit is a step away from a discriminatory system: https://qz.com/2034199/how-does-the-us-child-tax-credit-work/ Two-thirds of people now receive monthly benefit checks: https://www.peoplespolicyproject.org/2021/07/19/two-thirds-of-people-now-receive-monthly-benefit-checks/ The time tax: https://www.theatlantic.com/politics/archive/2021/07/how-government-learned-waste-your-time-tax/619568/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	What makes the child tax credit so special?
0:03.8	I would call the expanded child tax credit
0:06.4	really revolutionary in American social welfare policy.
0:10.0	And the reason simply is universal.
0:12.8	It was part of the $1.9 trillion COVID relief package.
0:17.7	It's a lot of money and working people's pockets.
0:21.4	And I think we all need to work hard to ensure that it continues,
0:25.2	that it becomes a permanent benefit for families.
0:30.0	From the home offices of civic ventures in downtown Seattle,
0:35.8	this is Pitchfork Economics, with Nick Hanauer,
0:39.0	the best place to get the truth about who gets what and why.
0:49.0	I'm Nick Hanauer, founder of Civic Ventures.
0:52.0	I'm David Goldstein, senior fellow at Civic Ventures.
1:00.8	Big news recently, Nick in July.
1:03.2	The first checks went out to families with children
1:06.4	from the expanded federal child tax credit.
1:09.8	It's a lot of money and working people's pockets.
1:14.2	It was part of the $1.9 trillion COVID relief package
1:19.0	that President Biden signed in March.
1:22.0	And it has extended and expanded these credits.
1:26.0	For another year, they had been part
1:28.4	of the original COVID relief.
	...

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