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Lilly Family School of Philanthropy IU Indianapolis

Tag: Biden

Biden’s goal to permanently boost support for families echoes a failed Nixon proposal from 50 years ago – will it take off this time?

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family walking together

In July 2021, households with up to 88% of all U.S. children will get their first of six no-strings-attached monthly payment from the federal government. The money comes from a temporary expansion of the child tax credit in the Biden administration’s US$1.9 trillion COVID-19 relief package enacted in March. For one year only, the government… Read more »

President Biden’s ‘big f-ing deal’ for children

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U.S. Treasury mock check

The most important part of the new American Rescue Plan Act for philanthropy may be one which provides not a cent to any nonprofit group or a tax incentive to any donor. The law includes changes in the Child Tax Credit that, according to the Institute on Taxation and Economic Policy, could raise the incomes… Read more »

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