It’s the child tax credit, which will deliver $3,000 per child ($3,600 for children 5 and under) to the vast majority of families over the next year. Building on a program last enacted in 2017 in a more limited form, the child tax credit is part of the American Rescue Plan signed by President Biden in March. But the child tax credit is its biggest component. (By that standard, the child tax credit falls a bit short of the UBI ideal. Parents face unique pressures, which is why the child tax credit could be a godsend for millions of families.

Source: Los Angeles Times July 15, 2021 12:02 UTC