I had to look up that claim about millions of children being lifted out of poverty. I'm skeptical of most such claims from any party or institution.
It appears to cost $100 billion. I think Manchin is right that it’s too broad (people making $250k don’t need this). And I’m sure there's an argument to make that these numbers are inflated and the term "child poverty" probably needs better definition in these studies to make these quantifications.
All that said, this seems like an excellent use of resources and even if the numbers are off by an order of magnitude, this is a win for the Biden/Dem agenda and our country.
Almost 10 million children could fall back into poverty if the current credit is not extended past this year, an analysis finds.
www.cnbc.com
I think this brings up an interesting question, though, for those who support such policies, as I do: do they create perverse incentives for the poor to have more children and is that a good thing?