Op-Ed: Trump's tax reform is leaving millions of poor children behind (via latimesopinion)
In 2019, the U.S. spent more than $100 billion on the federal Child Tax Credit. Families that qualify can take up to $2,000 off their taxes for each dependent child, and if the credit is more than the taxes they owe, they get a refund for the balance. The Child Tax Credit is the single largest federal expenditure made to benefit children.to qualify. In other words, a program meant to aid children is leaving behind those who need it most.
from the full benefit of the credit. Only 2% are ineligible for the full credit because their families earn too much.Our research shows that families with young children and families in rural areas are disproportionally excluded from the full credit, as are the majority of black and Latino children. Female-headed families are less likely to receive the full credit, at least in part because women are paid less than men for the same work.
In 2016, at the urging of California Reps. Barbara Lee and Lucille Roybal-Allard , Congress commissioned the National Academy of Sciences to study evidence-based policies that could cut child poverty in the U.S. Of all the policy proposals
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Op-Ed: Elizabeth Warren brushed off Bernie Sanders and taught a master class in handling sexismOp-Ed: Elizabeth Warren brushed off Bernie's handshake and taught a master class in handling sexism (via latimesopinion)
Baca lebih lajut »
Pence urges Senate Democrats to flip on impeachment in op-edVice President Mike Pence urged Senate Democrats to break ranks and 'stand up against' the articles of impeachment in a Wall Street Journal op-ed comparing the Senate trial of President Donald Trump to President Andrew Johnson's impeachment trial in 1868.
Baca lebih lajut »
Trump Tax Cut Hands $32 Billion Windfall to America’s Top Banks(Bloomberg) -- Savings for the top six U.S. banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders.JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells
Baca lebih lajut »
Controversial Trump tax break under investigation by Treasury watchdogThe Treasury Department's inspector general has opened an inquiry into a controversial tax break used by close allies of President Trump.
Baca lebih lajut »
Trump tax cut hands $32-billion windfall to America’s top banksTrump's tax overhaul — criticized for favoring the wealthy — has meant billions in savings for the top six big banks in the U.S.
Baca lebih lajut »