Getty Images A guaranteed annual income—at least for children—is likely to be a big campaign issue in 2022. With opposition to aggressively higher corporate and personal income taxes on the wealthy emerging among some moderate Democrats , a focus on benefits—specifically, an unrestricted allowance for raising children—funded by more limited tax measures could move to center stage.
The American Recovery Act sent $1,400 to every resident earning up to $75,000 a year —on top of the $600 provided by the December 2020 pandemic relief bill. Plus, for 2021 only, it bumps up the Child Tax Credit to $3,000—$3,600 for children […]
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