Democratic Senator Joe Manchin’s concerns about the labor participation and budgetary costs of the Child Tax Credit have forced lawmakers to consider extending it for only one more year, not to 2025 as the Biden administration had proposed. Manchin’s demands would cap recipients’ earnings just $60,000 in income and add work requirements.
I’d argue for expanding it into a permanent basic income of at least $2,000 a month for every American making under $160,000 (the high-end of middle-class income via Pew Research), which includes over 80% of Americans. Parents would get either $2,000 each or $4,000 jointly, and children would […]
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