The Child Tax Credit: One Small Step Toward Universal Basic Income?

21:32
 
Del
 

Manage episode 301621957 series 248
Av WNYC Studios and The New Yorker, WNYC Studios, and The New Yorker oppdaget av Player FM og vårt samfunn — opphavsrett er eid av utgiveren, ikke Plaer FM, og lyd streames direkte fra deres servere. Trykk på Abonner knappen for å spore oppdateringer i Player FM, eller lim inn feed URLen til andre podcast apper.

The child tax credit, received by more than thirty-five million families, isn’t entirely new. But the way it’s distributed is almost a revolution in American politics: instead of showing up once a year at tax time, the government also provides money ahead of time, in predictable monthly payments. Wide-scale, direct cash payments are anathema to Reagan-era austerity economics. Is this policy the first sign that that consensus may be coming to an end? David Remnick talks with Senator Michael Bennet, of Colorado, who campaigned for the Presidency on this issue in 2020, and is now fighting to extend the tax credits indefinitely.

For Sheelah Kolhatkar, who covers economics and business, the child tax credit can be seen as a kind of scale model of universal basic income. She moderates a conversation between two academics on different sides of the issue: Michael Strain, a senior fellow and the director of economic-policy studies at the American Enterprise Institute, and Amy Castro, an assistant professor at the University of Pennsylvania. Castro leads the Stockton Experiment, a small-scale U.B.I. project in the California city that, she says, has surprisingly robust results.

738 episoder