Thursday, March 17, 2016
Century Foundation Report Recommends Universal Child Allowance
The child poverty rate in the United States is stubbornly high, with more than 12 million American children—16.5 percent of all children—currently living in poverty. But according to new research out today from TCF’s Bernard L. Schwartz Rediscovering Government Initiative, a universal child allowance could change all that.
The report, Doing More for Our Children, models ten policy scenarios, and reveals:
- A universal child allowance of $4000 a year would cut child poverty in the United States in half.
- A $2500 universal child allowance would more than triple the anti-poverty effect of the current CTC.
- A child allowance of $2,500 for all children under age 6 (leaving intact the CTC for children age 6 and above) would lift 3.2 million children out of poverty. . .