New York Times: Child Tax Credit’s Extra Help Ends, Just as Covid Surges Anew

New York Times: Child Tax Credit’s Extra Help Ends, Just as Covid Surges Anew. “For millions of American families with children, the 15th of the month took on a special significance in 2021: It was the day they received their monthly child benefit, part of the Biden administration’s response to the pandemic…. Now, the benefit — an expansion of the existing child tax credit — is ending, just as the latest wave of coronavirus cases is keeping people home from work and threatening to set off a new round of furloughs. Economists warn that the one-two punch of expiring aid and rising cases could put a chill on the once red-hot economic recovery and cause severe hardship for millions of families already living close to the poverty line.”

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