Some 39 million Americans will begin receiving monthly checks from the federal government in July as part of the expanded child tax credits Democrats passed in the latest covid relief package.
necessary: The payments should arrive as direct deposits in Americans’ bank accounts on the 15th of each month .
The monthly payments are the result of increasing the existing child tax credits from $2,000 up to $3,600 for younger children and $3,000 for older ones, and allowing families to collect payments monthly instead of annually, in a tax return. In this form, the checks effectively act as a form of universal basic income, a policy that has long been considered to be on the fringes of mainstream politics in the United States.
“ ... It’s very exciting to be having national conversations about this,” Aisha Nyandoro, the CEO of Springboard to Opportunities, a nonprofit that runs UBI pilot programs, told. “But it’s also very sad because it’s taken a pandemic for us to get to a place where we recognize that individuals are poor because of the systems we put in place.”
It’s also taken a pandemic for many people to realize the enormous strain parents are under, and that there are several universal policies lying around—
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