Tax Reform Should Give Breaks to the People Who Need It Most
The United States is one of the most prosperous nations in the world. Yet somehow, 16.1 percent of the children in this country live in poverty. And 4.9 percent live in what’s called “deep poverty.”
The president and his administration seem to think that millionaires, billionaires, and corporations are the ones who need tax breaks. Sherrod thinks tax reform should give breaks to the people who need it most.
Sherrod has a plan to expand the Child Tax Credit (CTC) to help low-income and poverty-stricken families lift themselves up. One study by researchers at Columbia University showed that this plan would cut the child poverty rate by almost half.
According to Vox: “In raw numbers, [the plan] would lift 5.3 million children out of poverty and 1.9 million out of deep poverty.”
