Poverty and Policy

Robert Reich recently posted a powerful opinion piece on Facebook: The child tax credit that lifted more than one-third of impoverished children out of poverty expired. A coalition of every Republican senator plus Democratic Senator Joe Manchin blocked renewing it, claiming it was too costly. Reich lays out how modest tax increases on the rich, or a modest wealth tax, or a reversal of Trump tax cuts for the rich and especially for the super rich would more than fund this enlightened program. Given the incessant growth of income and wealth inequality in this country, it has the appearance of being run by Ebenezer Scrooge.