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Post on February 13, 2009 by 5 Comments »

The latest report from The Center on Budget and Policy Priorities says that almost 900,000 children in North Carolina will benefit from the temporary increase in the child tax credit in the federal stimulus package.

Nationally, almost 3 million new kids will receive the credit and another 10 million will get a bigger credit than the 2008 rules allowed. The Center says that will help families and the economy.

By targeting more stimulus money to low-income families that are likely to spend it, the expanded child credit helps to advance the recovery package’s fundamental goal – providing effective economic stimulus.  Roughly 90 percent of the benefits of this provision will go to the bottom fifth of Americans.

Funny how that’s left out of the talking points of the most vocal opponents of the plan.

Possibly related posts:

  1. North Carolina Policymakers Could Use Tax Code to Fight Rising Poverty
  2. New Survey: Parents of kids on Medicaid much more satisfied than parents of kids with private health insurance
  3. More Evidence on the Wrong-headedness of the ‘War on the Poor’
  4. Addressing Rising Poverty Rates in North Carolina
  5. Poverty Rate Climbs, Failure to Act Not an Option

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Comments (Closed):5

  1. James
    February 13, 2009 at 8:41 am

    Of course it’s left out. The vocal opponents could hardly care less about the bottom fifth of Americans. Helping them through government assistance (paid for by THEIR money) is wrong. And as to helping the economy, we’ve already seen their approach. Sadly, their approach is being aided and abetted by plenty of so-called Democrats.

  2. Grants
    February 17, 2009 at 1:32 pm

    By targeting more stimulus money to low-income families that are likely to spend it, the expanded child credit helps to advance the recovery package’s fundamental goal – providing effective economic stimulus. Roughly 90 percent of the benefits of this provision will go to the bottom fifth of Americans.

  3. Free Government Grants
    July 10, 2009 at 8:50 pm

    The Center says that will help families and the economy.

  4. Make Money Online
    August 6, 2009 at 9:14 pm

    10 million will get a bigger credit than the 2008 rules allowed.

  5. Going Green
    August 29, 2009 at 9:16 pm

    Carolina will benefit from the temporary increase in the child tax credit..i think.