The US Senate wonders about tax policy for the American Dream: How can income transfers be designed to benefit all children in need?

The tax system is increasingly used to transfer cash benefits to families with children, but the United States accepts the trade-offs in program design very differently than other countries and gives children much less support.

In response to my July 10th testimony to the Senate Committee on Finance hearing on “Helping Young People Achieve the American Dream” I received some homework, a series of questions asking me for a good deal more detail. You can review all of the questions on my November 11th post. Child poverty is central to discussions of social mobility, and it is natural to wonder how tax policy can be designed to support the incomes of the least advantaged.

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