Show an ad over header. AMP

I am the FIRST

Biden touts "historic" expanded tax credit as pivotal to ending childhood poverty

Speaking at the White House, President Biden described Thursday — when a majority of U.S. parents were first sent monthly payments as part of the expanded child tax credit — as "a historic day" for ending childhood poverty.

Why it matters: Families representing nearly 60 million eligible children were sent checks — amounting to some $15 billion dollars total — on Thursday, per the Treasury Department and Internal Revenue Service. The program is one of the largest anti-poverty measures in modern history.


Biden said the payments have "the potential to reduce child poverty in the same way that the social security reduced poverty for the elderly." Children are the poorest age group in the country, with 1 in 6 living in poverty, according to the Children’s Defense Fund.

  • "To give you a sense of how transformative this is, this would be the largest ever one-year decrease in child poverty in the history of the United States of America."

The big picture: The payments, part of the American Rescue Plan, were disbursed to families making under $150,000, or individuals making less than $120,000. Eligible families will get up to $300 per month for each child under age 6, and up to $250 monthly per child ages 6 to 17.

What they're saying: "I believe this is actually a historic day. A historic day in the sense that we continue to build an economy that respects and recognizes the dignity of working class families and middle class families," Biden said.

  • “It’s historic and it’s our effort to make another giant step toward ending child poverty in America. I think this will be one of the things the vice president and I will be most proud of when our terms are up.”
  • "It's one of the largest ever single tax cuts for families with children. And it's a reflection of our belief that the people of this country who need a tax cut aren't the folks at the top," he added.

Biden said he plans to introduce another piece of legislation that will allow for the payments to continue for longer than a year.

Vice President Harris said July 15 should be marked "as the day the American family got so much stronger." She painted the impact of the program as "generational."

Senate Majority Leader Schumer (D-N.Y.) during a press conference at the Capitol celebrated the program as a "successful hit" for both middle class and poor families.

  • “We are sending taxpayer dollars right back to American parents. This will amount to a substantial, and potentially life-altering, tax cut for American families."
  • “This is one of the most historic days in American history, and I’m not being hyperbolic,” said Sen. Cory Booker (D-N.J.).

What to watch at the Olympics today: Gymnastics, golf, 3x3 basketball, swimming

5 events to watch today...

  • 🤸‍♀️ Men’s gymnastics: Team USA’s Sam Mikulak and Brody Malone compete in the individual all-around final. Coverage starts at 6:15 a.m. on Peacock (watch the replay at 8 p.m. ET on NBC)
  • 🏀 3x3 Basketball: The women’s gold medal game between the U.S. and Russia starts at 8:55 a.m. ET on USA Network. Russia and Latvia will play in the men’s final at 9:25 a.m. ET.
  • 🏌️ Men’s golf: Round one tees off at 6:30 p.m. ET on the Golf Channel or stream on nbcolympics.com.
  • 🏊 Swimming: Men’s 800m freestyle, 200m breaststroke and 100m freestyle finals and women’s 200m butterfly final. Coverage starts at 9:30 p.m. on NBC.
Keep reading... Show less

National parks "drowning in tourists"

Data: National Park Service; note: Gateway National Recreation Area is excluded due to missing data in 2021. Chart: Connor Rothschild/Axios

National Parks across the U.S. are overflowing with a post-pandemic crush of tourists, leading to increased issues with congestion, traffic jams, user experience, strain on staff and increased damage to the parks.

Why it matters: Some are seeing such a record number they're being forced to limit, and even close, access to certain areas to avoid the danger of eroding the land. The result, ultimately, could change the way Americans interact with the parks going forward.

Keep reading... Show less

Facebook's next chapter: Build the "metaverse"

Facebook's "next chapter," Mark Zuckerberg says, is to be prime builder of "the metaverse" — an open, broadly distributed, 3D dimension online where, he says, we will all conduct much of our work and personal lives.

The big picture: Zuckerberg admits Facebook will only be one of many companies building this next-generation model of today's internet — but he also intends Facebook to lead the pack.

Keep reading... Show less

CDC asks the vaccinated to help save the unvaccinated from themselves

The Biden administration is essentially asking vaccinated Americans to help save the unvaccinated from themselves.

The big picture: America's "pandemic of the unvaccinated" has gotten bad enough that vaccine mandates are starting to catch on, and masks are coming back — in some cases, even for the vaccinated.

Keep reading... Show less

Least persuadable unvaccinated Americans are largely white and Republican

Data: Axios-Ipsos Poll; Chart: Sara Wise/Axios

The most hardcore opponents of coronavirus vaccination — the group who say they'll never get one — tend to be older, whiter and more Republican than the unvaccinated Americans who are still persuadable, according to an analysis of our Axios/Ipsos Coronavirus Index.

Why it matters: As the Delta variant triggers more COVID-19 hospitalizations and deaths, mostly among the unvaccinated, the Biden administration and even some high-profile GOP political and media figures are trying to figure out how to nudge the country's vaccination rate higher.

Keep reading... Show less

Female Olympians push back against double standard in uniforms

Female Olympians in Tokyo are rejecting the uniforms that have long defined their sports, highlighting a double standard that exists how women dress in competition vs. men.

Driving the news: During their qualifying round Sunday, Germany's women's gymnastics team wore full-length unitards, eschewing the conventional leg-barring leotards worn by most female gymnasts.

Keep reading... Show less

Simone Biles won't defend Olympic title at gymnastics all-around final in Tokyo

U.S. gymnastics great Simone Biles won't defend her Olympic title in the upcoming all-around final as she continues to focus on her mental health, USA Gymnastics announced Wednesday.

After further medical evaluation, Simone Biles has withdrawn from the final individual all-around competition. We wholeheartedly support Simone’s decision and applaud her bravery in prioritizing her well-being. Her courage shows, yet again, why she is a role model for so many. pic.twitter.com/6ILdtSQF7o

— USA Gymnastics (@USAGym) July 28, 2021

Editor's note: This a breaking news story. Please check back for updates.

DOJ declines to defend Mo Brooks in Eric Swalwell's Capitol riot lawsuit

The Department of Justice declined late Tuesday to represent Rep. Mo Brooks in a civil lawsuit against the Georgia congressman concerning the Capitol riot.

Why it matters: Brooks had argued he should have immunity in the suit, filed by Rep. Eric Swalwell (D-Calif.) against him, former President Trump, his son Donald Trump Jr. and lawyer Rudy Giuliani over the insurrection. He said he was acting as a government employee when he spoke at a rally before the insurrection.

Keep reading... Show less

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories