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Addressing Child Poverty: Child Tax Credit Payments and Beyond

March 28, 2022 by Shannon Henris Family Tax Policy

In 2019, the child poverty rate in the United States reached 14.4%, the lowest level in forty years.[1] In December 2021, the rate was reduced to 12.1% when the American Rescue Plan Act of 2021 delivered expanded monthly child tax credit payments to families…

The Disparate Impact of Texas’ Abortion Ban on Low-Income and Rural Women

February 24, 2022 by Lindsay Johnson Access to Justice Health Rights

In September 2021, Texas Senate Bill 8 (SB8) took effect. SB8 prohibits abortion in the state after six weeks—before many women are aware they are pregnant. It is well known that abortion restrictions disparately impact low-income and rural women and…

Eliminating Interest Capitalization on Student Loans is a Win for Borrowers

February 7, 2022 by John Huston Banking and Finance Education Tax Policy

In the fall of 2021, the U.S. Department of Education (“Department”) began the rulemaking process to amend federal student loan regulations to eliminate interest capitalization events for student loan borrowers.[1] Under current Department regulations…

Banking & Poverty: The Case for Eliminating Account Maintenance Fees

December 9, 2021 by David E. Beale Banking and Finance

The U.S. banking system “has become a reverse Robin Hood, taking money from those with less and giving to those who already have.”[1] A recent survey by the Federal Deposit Insurance Corporation (FDIC) indicated that over seven million unbanked individuals…