The expanded child tax credit briefly slashed child poverty. Here's what else it did
Blink and you could have missed it. For six months, the United States experimented with an idea that’s new here but is already a backstitch in the social fabric of many wealthy nations: a monthly cash payment to help families cover the costs of raising children. Less than a year in, though, this U.S. experiment, known as the expanded child tax credit, has already been unwound by a deadlocked Congress. Still, it’s worth asking: What did it accomplish? Here’s what the data tells us.