Tag: federal income tax
The Child Tax Credit Was a Little Too Subtle
Why doesn’t anyone care about the expanded child tax credit? A $100 billion policy—effective, important, elegantly designed, competently managed, and noncontroversial—is gone, at least for now. And nobody, save for a few politicians and wonks, seems to have noticed or to care.
The expanded child tax credit (CTC) provided no-strings-attached cash payments to 39 million families in 2021 and 2022, lifting millions of kids over the poverty line. But
The Curse of a President’s Second Year
It’s common now for Democrats to argue that the agenda they are struggling to implement on Capitol Hill represents the party’s most ambitious since the “Great Society” Congress convened in 1965. That’s a reasonable assessment—but one that the party today should consider as much a warning as an inspiration. Under the relentless prodding of President Lyndon B. Johnson, the Democratic-controlled House and Senate passed landmark legislation at a dizzying pace during that legendary 1965–66 legislative session.
Over those two years,