
Biden’s child tax credit will spread wealth. But 13K Philly kids stand to miss out
The Advanced Child Tax Credit, along with other expanded tax benefits in the American Rescue Plan Act, could reduce child poverty by one-third in Philadelphia, and deep child poverty by one-half, according to City estimates. In total, 75,000 people could rise out of poverty due to the tax credits, which function more like a direct stimulus payment. | From: WHYY (Read more.)