The Child Tax Credit: One Small Step Toward Universal Basic Income?

from  The New Yorker Radio Hour

David Remnick talks with Senator Michael Bennet, of Colorado, who campaigned for the Presidency in 2020 advocating for the child tax credit, which is now a centerpiece of the Democratic agenda. Bennet describes why direct cash payments make such a big difference. Our economics correspondent Sheelah Kolhatkar describes the policy as a scale model of universal basic income. She moderates a conversation between two academics on different sides of the issue: Michael Strain, a senior fellow and the director of economic-policy studies at the American Enterprise Institute, and Amy Castro, an assistant professor at the University of Pennsylvania. Plus, Radio Hour listeners go toe to toe in a round of The New Yorker’s Name Drop, a new quiz....more