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Presented By: Poverty Solutions

Should the U.S. enact a universal child allowance?

Vonnie McLloyd, Ewart A. C. Thomas Collegiate Professor of Psychology; Associate Editor, American Psychologist

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The current tax system provides financial support to some families with children through the administration of a Child Tax Credit (CTC), which can be worth as much as $1,000 per child, in addition to the support provided through the long-standing child tax exemption. Though several policymakers have proposed expanding or amending the CTC to provide additional assistance, the idea of a Universal Child Allowance—which would instead provide a cash grant to all families with children—is also gaining increased attention as a way to help families meet the costs associated with raising a child. Why do countries around the world have such a program and would it make sense in the U.S.? What would such an allowance look like and what would be its benefits and costs?

On May 1, the Center on Children and Families at Brookings—along with the American Enterprise Institute, the University of Michigan’s Poverty Solutions, the University of Wisconsin’s Institute for Research on Poverty, and Columbia University’s Center on Poverty and Social Policy—will host leading experts to discuss the current safety net and potential benefits and costs of a Universal Child Allowance. The event will include presentations and discussions of two new papers by proponents of the Universal Child Allowance, and will conclude with keynote remarks by Representative Rosa DeLauro (D-CT).

University of Michigan Ewart A. C. Thomas Collegiate Professor of Psychology Vonnie McLloyd will join representatives from the Brookings Institution, University of Wisconsin - Madison, and Columbia University to discuss current proposals.

Follow along using the hashtag #childallowance. This event will be live webcast. Register here: http://connect.brookings.edu/register-to-watch-universal-child-allowance

Takes place in Washington, DC.
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