Faricy quoted in MarketWatch article on Child Tax Credit payouts

June 1, 2021

MarketWatch

Christopher Faricy

Political Science Department

Campbell Public Affairs Institute

Child & Elder Care

COVID-19

Health Policy

Taxation

United States

MarketWatch

Christopher Faricy

The U.S. government is preparing to send up to $300 a month per child in expanded Child Tax Credit payouts to millions of families this summer. The payouts are due to start July 15 and stem from March’s $1.9 trillion stimulus law. "The Child Tax Credit isn’t new," says Christopher Faricy, associate professor of political science. "What might be new is the motivation driving this in the Biden administration, which is a real understanding about how outdated the social safety net is—and recognizing the dual-earner status as becoming much more common since the post-World War II era, when a lot of the safety net was built." Read more in the MarketWatch article, "Monthly payments of up to $300 per child are starting for most families — and could keep coming for years."