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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…

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…