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9 hours ago · WASHINGTON – As part of economic legislation meant to dig the U.S. out of the COVID-19 pandemic, Congress created a more generous child tax credit. Before it was expanded in early 2021, the credit maximum was $2,000 per child, and it missed many kids who live in rural America, on tribal land, in single-parent homes or with families with ...
9 hours ago · After the updated credit was allowed to expire at the end of 2021, child hunger and child poverty rates rose swiftly. According to the Center on Budget and Policy Priorities, in 2022 poverty among children more than doubled to 12.4%. TAGS: CHILD HUNGER CHILD POVERTY CHILD TAX CREDIT EXPANDED CHILD TAX CREDIT SEN. CORY BOOKER.
9 hours ago · The government's tax revenues primarily result from indirect taxes like the value added tax. [288] : 6 China's personal income tax accounts for about 6.5% of tax revenues, as of at least 2024. [288] : 6 It is a progressive tax , with the top income tax bracket is taxed at 45% of income.
