Read our latest collection: Regaining Our Balance: How to Right the Wrongs of Globalization
The expiration of the child tax credit expansion late last year sentan estimated 3.7 million children back into poverty and undermined the financial security of millions more. With the rising cost of living squeezing family budgets, the expiration of the credit could not have been more poorly timed.
A key obstacle to the Democrats’ attempt to expand the child tax credit alone was Senator Joe Manchin’s insistence that the monthly child benefit include a work requirement. Democrats chose not to compromise on that condition; they also ignored the option of expanding the program on a bipartisan basis. If persuading Mr. Manchin was hard, the thinking was, then convincing 10 or more Republicans to cross the aisle would surely be impossible.
But that assumption may be wrong. Consider that in 2021 Senator Mitt Romney released a child benefit proposal of his own, the Family Security Act. That proposal was more generous than the child credit from President Biden and earned praise from across the political spectrum, including an array of conservative policy analysts and thought leaders. The proposal also inspired conservative interest in child benefits more generally, from Senator Josh Hawley’s Parent Tax Credit to the proposal for a Family Income Supplemental Credit from American Compass, a conservative think tank.