Besides the lookback, there's also a decent chance that other MVPF-type legislation could become law in the Biden years.
The president-elect's campaign tax plan included a proposal to make child care more affordable by upping the Child and Dependent Care Tax Credit. He also wants to raise the CTC for at least the duration of the pandemic. As House Ways and Means chairman Richard Neal (D-MA) put it, "If you are talking about tax relief, let's get tax relief to the lower end of the economic scale."
Numerous bills taking that direction are already on the Democratic agendaso numerous that the Tax Policy Center collected them in a 22-page summary with the daunting title "Understanding the Maze of Recent Child and Work Incentive Proposals." The summary's opening sentence goes to the heart of everything that comes after: "Policymakers continue to grapple with the related issues of unequal incomes, relatively poor health, education, and economic outcomes for low-income children, and hardship among low- and moderate income families."
The proposals are all there for the enacting. Congress should take its cue from MVPF: Spend taxpayer money where it gets the highest return, on low-income families and kids.
This article originally appeared at www.nydailynews.com
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