expansion

The discontinuation of the Biden administration’s monthly payments of the child tax credit could leave millions of American families without enough food on the table, according to our new study in JAMA Network Open. The first missed payment on Jan. 15, 2022, left families that had come to rely on them wondering how they would make ends meet, according to many news reports. The American Rescue Plan Act, a $1.9 trillion COVID-19 relief package passed in March 2021, made significant changes to the existing child tax credit. It increased the size of the credit by 50% or more, depending on a child’s age, to either $3,000 or $3,600 per year. It also made more low-income families eligible and paid half of this money out as a monthly “advance” payment. Biden’s Build Back Better plan calls for a ...

Felix Mormann, Texas A&M University Electricity generation produces a quarter of U.S. greenhouse gas emissions that drive climate change. The electric grid also is highly vulnerable to climate change effects, such as more frequent and severe droughts, hurricanes and other extreme weather events. For both of these reasons, the power sector is central to the Biden administration’s climate policy. President Joe Biden’s proposal to produce 45% of the nation’s electricity from solar energy by 2050 seeks to transform the power sector from problem child into child prodigy. As the details evolve, two cornerstones have emerged. First, Biden has repeatedly called for extending tax credits for solar power and other renewables, at a projected cost of US$200 billion over the next decade. Second...

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Without The Child Tax Credit Expansion Many Families Could Be Left Without Enough Food On The Table

A Massive Expansion Of Solar Power, Who Pays And Who Benefits?