Amid fierce debate among liberal economists over the size of the next federal stimulus bill, a new analysis from the left-leaning Institute on Taxation and Economic Policy found that three of Democrats’ anti-poverty initiatives in the draft legislation—another round of direct payments and major expansions of the child tax credit and the earned income tax credit—would boost income for the poorest 20% of Americans by nearly 33% on average.
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February 9, 2021
