Monthly child tax credit payments are one of the best forms of government spending, economist says

Monthly child tax credit payments are one of the best forms of government spending, economist says

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The enhanced federal child tax credit program, with monthly payments starting Thursday, is one of the best ways the government can allot its money to spur economic growth and help the nation’s youth, University of Maryland economist Melissa Kearney told CNBC.

“What I think makes this policy expansion both politically and economically feasible — and generally very good policy — is the fact that it’s targeted on families with children,” Kearney said Thursday in an interview on “The Exchange.” “Frankly, this is one of the best ways the federal government can and should be spending money from the perspective […]

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