Commentary: Don’t renew the child tax credit. Reform it
As Christmas approaches, not everyone is celebrating. American families — hit hard by inflation, wage stagnation and layoffs — must confront another challenge: an expired child tax credit.
The program, which provides cash handouts to parents and is vociferously backed by President Joe Biden, has been hailed as instrumental in reducing child poverty. But renewing the child tax credit has proved challenging. Now, with a few weeks remaining before a new Congress takes office, advocates of the
