Politicians Are Poody Heads

and they're not the only ones…

How a Fully Refundable Child Tax Credit Would Support Early Childhood Development

on July 2, 2022

janresseger

In a NY Times opinion piece in early May, as inflation was heating up, two former Secretaries of the Treasury, Robert Rubin and Jacob Lew published a plea to Congress to resurrect what they consider the most important piece of President Biden’s Build Back Better bill: “It is our strong view that Congress should act this year to ease the financial strain on low-income families raising children and that these policies should be paid for in a package that reduces the deficit. This is not just morally right but is also a critical investment in our nation’s economic future. As the White House and Congress negotiate economic legislation, they should prioritize making the child tax credit available to families with low or no earnings through a provision known as refundability and expanding support for child care.”

Rubin and Lew assure us all that, while “critics fear that such measures could…

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