Biden's goal to permanently boost support for families echoes a failed Nixon proposal from 50 years ago – will it take off this time?
- Written by Leslie Lenkowsky, Senior Counsellor and Professor Emeritus of Practice in Philanthropic Studies, Lilly Family School of Philanthropy, IUPUI
Raising children strains most household budgets.Universal Images Group Editorial/Getty ImagesIn July 2021, households with up to 88% of all U.S. children will get their first of six no-strings-attached monthly payment from the federal government.
The money comes from a temporary expansion of the child tax credit in the Biden administration’s...