DENVER (KDVR) — Families across the U.S. have received a tax benefit for having young children. The topic is back on the main stage as Democrats and Republicans race for the White House.
Democrats have been touting the policy every night at the Democratic National Convention following Vice President Kamala Harris’ proposal to expand the benefit. On the other side of the ticket, JD Vance has proposed his own expansion of the credit.
“When we know that things like child care can run around 25% of a family’s budget, hat child tax credit would really help in adjusting child care costs or diaper costs. Things that are essential for folks with kids,” said Paula Cole, an economics professor at the University of Denver.
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She said it is exciting to see both campaigns talking about a benefit that reduced child poverty by 46% during the pandemic…