What happens when families, particularly low-income families, receive an unconditional monthly income supplement? Small demonstration projects show it boosts outcomes on many levels, from improving mental health to securing or maintaining employment.
In this discussion on why tax credits like the Child Tax Credit (CTC) expansion are good economic policy, anti-poverty experts discuss why Congress should extend the policy beyond 2021 and what we can learn from an initiative providing low-income mothers in Jackson, Miss., $1,000 cash on a monthly basis, no strings attached. From theory to practice and what it means for American families, this CTC webinar provides a unique angle through which to view this transformative policy.
The Child Tax Credit in Practice: What We Know About the Payoffs of Payments
Institute on Taxation and Economic Policy, July 13, 2021