Child tax credit: 5 ways the stimulus package is expected to reduce poverty - CNNPolitics - 0 views
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President Joe Biden's sweeping $1.9 trillion relief package represents one of the largest federal efforts to reduce poverty in the last half century.
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The massive legislation, which the President is expected to sign Friday, provides aid to low-income Americans in numerous ways. Attention has focused on the third round of direct stimulus payments, but the bill also offers parents a guaranteed stream of income and gives childless workers a bigger tax break.
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The package's key measures are expected to slash the poverty rate by about a third and reduce the share of children in poverty by more than half, according to estimates from both Columbia University and the Urban Institute.
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