WASHINGTON ― Democrats this week announced new legislation that would slash child poverty by paying parents the kind of monthly allowance that is standard in other developed countries. But the lawmakers who introduced the bill, called the American Family Act, didn’t use the terms “child benefit” or “child allowance” at their Capitol Hill press conference Wednesday. “It cuts child poverty by 40 percent, but it does it as a tax credit.”The bill would give most parents of young children $300 per month in cash. And most other countries have less child poverty. Child poverty is also bad for our economy ― we currently lose as much as $1 trillion annually through lost productivity and increased health costs as the consequences of childhood deprivations ricochet through adulthood.

Source: Huffington Post March 07, 2019 19:07 UTC