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

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

The child tax credit, received by more than thirty-five million families, isn’t entirely new. But the way it’s distributed is almost a revolution in American politics: instead of showing up once a year at tax time, the government also provides money ahead of time, in predictable monthly payments. Wide-scale, direct cash payments are anathema to Reagan-era austerity economics. Is this policy the first sign that that consensus may be coming to an end? David Remnick talks with Senator Michael Bennet, of Colorado, who campaigned for the Presidency on this issue in 2020, and is now fighting to extend the tax credits indefinitely.  For Sheelah Kolhatkar, who covers economics and business, the child tax credit can be seen as a kind of 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. Castro leads the Stockton Experiment, a small-scale U.B.I. project in the California city that, she says, has surprisingly robust results.

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Major Decisions Ahead for the Supreme Court

Major Decisions Ahead for the Supreme Court

In its last term, the Supreme Court dropped bombshell after bombshell. We saw major conservative advances on gun rights, separation of church and state, environmental protection, and reproductive righ...

10 Okt 20220s

Pro-Life, with One Exception—for Herschel Walker

Pro-Life, with One Exception—for Herschel Walker

Herschel Walker, the Trump-endorsed Republican Senate candidate in Georgia, encountered not one but two “October surprises” this week, after an ex-girlfriend of his claimed that Walker quietly paid fo...

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Joshua Yaffa on What’s Next for Ukraine

Joshua Yaffa on What’s Next for Ukraine

The contributor Joshua Yaffa, who was based in Moscow for years and has been reporting from Ukraine since the start of the war, speaks to David Remnick from Kyiv. There, Yaffa says, the latest news fr...

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Is Biden’s Student-Debt Relief Plan the Worst of Both Worlds?

Is Biden’s Student-Debt Relief Plan the Worst of Both Worlds?

Nearly two years into his Presidency, Joe Biden, with an executive order, announced a plan to forgive up to twenty thousand dollars in student debt for millions of borrowers. This plan, the first mass...

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Andy Borowitz on Our Age of Ignorance

Andy Borowitz on Our Age of Ignorance

Not only are we living in a time where people are proud of their ignorance, argues the writer and comedian Andy Borowitz, but some of our most educated politicians are now playing down their intellige...

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The “Cynical, Disgusting” Migrant Flights to Martha’s Vineyard

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Last week, Florida Governor Ron DeSantis flew roughly fifty migrants from San Antonio, Texas, to Martha's Vineyard, Massachusetts. Some of these migrants said that they were actively misled about wher...

22 Sep 202230min

The Legal Fight for Democracy

The Legal Fight for Democracy

Now seven weeks away, the midterms are often cast as a referendum on the President and his party. But, this year, some see democracy itself on the ballot. One of those people is the attorney Marc Elia...

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Can King Charles III Capture the Queen’s Popularity?

Can King Charles III Capture the Queen’s Popularity?

Three quarters of a million people are expected to file past Queen Elizabeth II’s casket this week. After seven decades on the throne she was the only monarch most Britons have ever known. In that tim...

15 Sep 202224min

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