Researchers: Biden's economic relief plan could cut child poverty in half
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Scholars at Columbia University's Center on Poverty and Social Policy did a quick analysis of President-elect Joe Biden's $1.9 trillion economic relief plan, and are enthusiastic, saying the proposal «has the potential to cut child poverty in half.&raquResearchers: Biden's economic relief plan could cut child poverty in half
Scholars at Columbia University's Center on Poverty and Social Policy did a quick analysis of President-elect Joe Biden's $1.9 trillion economic relief plan, and are enthusiastic, saying the proposal «has the potential to cut child poverty in half.» «We find that a relief package containing enhanced Supplemental Nutrition Assistance Program (SNAP) benefits, unemployment benefits, family tax credits, and direct cash payments could cut child poverty in half in 2021,» the researchers write. That would mean an estimated 5 million children would rise above the poverty line. The analysts point to these elements of Biden's package as alleviating poverty for families with children: Extension of SNAP benefit increases through the end of 2021 One-time direct payment at a value of $1,400 per eligible adult and child recipient Extension of current unemployment insurance expansions through September 30, 2021 (with a $400 per week national supplement) A fully refundable Child Tax Credit valued at $3,000 (ages 6-17) and $3,600 (under 6) An expanded Earned Income Tax Credit for workers without children Read more