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How the new, expanded federal child tax credit will work

Quoted: “This is just a stunning change in the American social policy context,” says Tim Smeeding, a professor of public affairs and economics with the LaFollette School of Public Affairs at the University of Wisconsin-Madison and an advocate for the policy.

Some form of universal child allowance benefit is found in 17 affluent countries, including the United Kingdom, Australia and Canada.

“They allow parents who don’t have enough money to do things for their kids,” he adds. “It says kids are important.”