Guno צְבִי
We fight, We win, Am Yisrael Chai
The enhancement helped reduce child poverty -- an achievement that Biden and congressional Democrats have touted repeatedly.
Some 3.7 million children were lifted out of poverty in December, including 737,000 Black children, 1.4 million Latino children and 1.4 million White children, according to estimates by the Center on Poverty & Social Policy at Columbia University. The credit led to an estimated decline of nearly 30% in child poverty.
Without a payment in January, the monthly child poverty rate could increase from 12.1% in December to 17.1%, the highest share since December 2020, according to the center.
The expiration of the enhanced credit comes at a particularly tough time for families. Inflation is sending prices -- particularly the cost of food -- skyrocketing, and the swiftly spreading Omicron variant of the coronavirus has forced many people to take time off from work because they or their loved ones are sick.
"This is a moment when those benefits would be even more important than they were six months ago, in many respects, and they are no longer there," said Zachary Parolin, senior research fellow at the center.
https://www.msn.com/en-us/news/us/c...d-to-rise-as-enhanced-benefits-end/ar-AATilov
Some 3.7 million children were lifted out of poverty in December, including 737,000 Black children, 1.4 million Latino children and 1.4 million White children, according to estimates by the Center on Poverty & Social Policy at Columbia University. The credit led to an estimated decline of nearly 30% in child poverty.
Without a payment in January, the monthly child poverty rate could increase from 12.1% in December to 17.1%, the highest share since December 2020, according to the center.
The expiration of the enhanced credit comes at a particularly tough time for families. Inflation is sending prices -- particularly the cost of food -- skyrocketing, and the swiftly spreading Omicron variant of the coronavirus has forced many people to take time off from work because they or their loved ones are sick.
"This is a moment when those benefits would be even more important than they were six months ago, in many respects, and they are no longer there," said Zachary Parolin, senior research fellow at the center.
https://www.msn.com/en-us/news/us/c...d-to-rise-as-enhanced-benefits-end/ar-AATilov