Wednesday, August 4, 2021

Child tax credit will have an outsized benefit for rural America

Greg Sargent of the Washington Post wrote a few days ago about a new report by the Niskanen Center on the consequences of the new federal child tax credit on rural economies.  

It has long been central to Republican mythology that Democrats have nothing but seething contempt for the rural and small-town inhabitants of the Real American Heartland. Republicans sometimes pair this with vile lies about Democratic proposals that would deliver economic benefits to those regions, turning their residents against them.

An important new study of the distribution of benefits from a major new policy from President Biden and Democrats — the expanded child tax credit — illuminates the repulsiveness of this scam with unusual clarity.

The new analysis from the Niskanen Center finds that the expanded child allowance — which has started delivering up to $300 per child per month to most U.S. households with children — will shower outsize benefits on residents of rural and less populous states and will deliver a disproportionately large relative boost to their local economies.

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