5 ms·

Is the claim that 1600 dollars made the difference between poverty and subsistence? I have nothing against the child tax credit. I think it's great. But I am h

• lkbm 5y ago
  Jeez, how'd I get $1200? $1600, yeah, thanks. If your monthly bills are $100 below what you make, then it makes sense that an extra $133 will shift you from "guess I'll skip dinner" to "I don't have to skip dinner", at least until costs change or some financial shock like a car repair comes up. Still others hopefully went from just being able to cover the monthly bills to that + saving for unexpected expenses. Some people are fine with none, some people need much more, but across a large set of people, some percentage of people will go from below the bar we've defined to above, or above more often than before. We definitely haven't come close to fully eliminated poverty, but if measurably fewer children are undernourished (or whatever metric we use) that's pretty nifty.