Credit: Anthony Bradshaw/Getty Images When the child tax credit, first established in 1997, was expanded for a year in 2021, it was a major political and social win for the country. At a time when the pandemic had worsened many families’ financial distress , the Biden administration’s decision not only added to the amount of the tax credit and converted the payment from a year-end lump sum to monthly payments; it also abandoned the work requirement for parents. This immediately affected one third of all children in the U.S. , including 52 percent of Black children and 41 percent […]
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