Many studies conducted in recent years tie lower poverty rates for children to better health and higher pay when they grow up.
Monthly payments to families with children could lift millions of US children out of poverty.
Because the rich often have complicated deductions that dabble in the gray areas of tax law, it’s simply easier to audit the straightforward taxes of the working poor.
The earned income tax credit lifts around 6 million of the working poor out of poverty every year, but with the economy hammered by COVID-19, many might not get the benefit they need.
The Earned Income Tax Credit was established in 1975 to reduce payroll taxes and help with rising prices for low-income families. Today, it could help poor families with housing.