The enhanced child tax credit whose monthly cash payments of $250 to $300 per kid cut child poverty by a third, did not reduce employment, did not contribute to inflation, but did increase entrepreneurship, and did decrease drug use, and did decrease the number of parents selling their plasma to feed their kids, expired in January 2022 and unfortunately seems unlikely to be restored. So what now? What options are there for something better than what we have now, that could actually pass through Congress to be signed into law anytime soon? One newer option is Mitt Romney’s Family Security Act 2.0 (FSA2). This post will explain some of the key differences that set it apart from the existing child tax credit set to expire in 2025.
Read this post in its entirety on the Humanity Forward blog.
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