By Jason DeParle, Photo: Nate Smallwood/The New York Times, The New York Times, November 25, 2022
When the history of American hardship is written in some distant decade, two recent events may capture the whipsaw forces of the age.
Child poverty fell to a record low. And the program that did the most to reduce it vanished.
The story of that temporary program — technically, a tax-credit expansion but more plainly a series of monthly checks to most families with children — was extraordinary in every way. A guaranteed income in a country long resistant to one, the expanded child tax credit emerged from obscurity to win support from most of the Democratic Party, aided millions of low- and middle-income families during the pandemic and helped cut child poverty nearly in half.
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