Cities Could Dramatically Cut Childhood Poverty With New Tax Credits, Research Finds
Child tax credits are becoming more popular across the country, with more than a dozen states offering them as financial relief toward the cost of raising kids.
But new research suggests cities could significantly reduce child poverty by offering child tax credit programs of their own.
An analysis by the Center on Poverty and Social Policy at Columbia University and the left-leaning Institute on Taxation and Economic Policy found that municipal programs could move the needle with relatively small amounts of money: offering $1,000 or less per year to low- and middle-income families could cut child poverty rates by 25 percent in several cities.
Researchers say this sort of new assistance would not only boost household finances, but also likely create more demand for local businesses, stabilize housing markets, and increase local tax revenue.
The study focused on 14 cities: Baltimore; Charlotte, North Carolina; Chicago; Denver; Houston; Jacksonville, Florida; Los Angeles; Minneapolis; New York; Oakland, California; Philadelphia; Phoenix; Seattle; and the District of Columbia. The analysis found that most of those cities could make significant gains by spending less than 15 percent of municipal revenues on new child credit programs.
In Minneapolis, for example, researchers said a new program........





















Toi Staff
Gideon Levy
Tarik Cyril Amar
Stefano Lusa
Mort Laitner
Sabine Sterk
Robert Sarner
Andrew Silow-Carroll
Ellen Ginsberg Simon
Constantin Von Hoffmeister
Mark Travers Ph.d