A permanent CTC expansion would protect poor kids better and be more popular
A strategy for saving Joe Biden's anti-poverty agenda. Democrats' $3.5 trillion reconciliation proposal is likely to lessen to meet the demands of tax-averse centrist House Democrats. This means that some of their strong ideas will end up scrapped. This instalment of Slow Boring explores why it's important to be strategic about where changes are made. To protect one of their most successful ideas, argue guest contributors Simon Bazelon and David Shor, Democrats should reduce the income threshold of Child Tax Credit, as part of the American Rescue Plan, to ensure it is permanent if they lose power in the future.
From Matthew Yglesias