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Showing posts with the label maternal health

Social and Economic Impact of the Child Tax Credit (CTC) on Maternal Mortality

In a June, 2021 internal report by Creative Investment Research on the Child Tax Credit (CTC) and simple non-filer tools, we noted that the Biden Administration forecast the CTC would cut child poverty by half. For the first time since July’s CTC’s implementation, we have data that helps determine the impact of the initiative on both consumer spending and household stability. New research confirms CTC’s positive impact on U.S. social and economic activity. In an August 2021 report, the Niskanen Center forecast a $27 billion dollar increase, over the next 12 months, in consumer spending. They envisage this jump in spending will generate another $1.9 billion in revenue from state and local sales taxes.[1] Their forecast predicts an increase of 500,000 median wage level jobs. These are significant and positive impacts. In addition to elevated consumer spending, CTC will have significant positive impacts on low-to-middle income families. Developed under the American Rescue Plan to reduce c