Despite the status of the United States as one of the world’s economic superpowers, the country is plagued by child poverty. The issue of child poverty is most prominent in rural, majority-minority communities, where years of limited opportunity, often created by systematic oppression, have created a vicious cycle of economic despair. There are a number of policies that have been explored which could limit the effects of child poverty, most notably the Expanded Child Tax Credit (ECTC), which was introduced as part of the American Rescue Plan Act (ARPA) of 2021. This paper uses a combination of qualitative and quantitative methods to thoroughly examine this policy (ECTC) and its potential to both cut child poverty in the short term and increase educational attainment and economic mobility in the long term for recipients. The ECTC program ended in 2022 and only lasted in a short period. By examining the impacts of a similar and long-standing but less accessible and generous program, the Earned Income Tax Credit (EITC), on educational attainment in specific communities we can theorize and determine the significance the Expanded CTC would have. We use EITC program as a proxy of ECTC and reach inference of the long-term impact of ECTC program on children’s education attainment. The result of this research indicates a number of benefits of the Expanded Child Tax Credit, including its potential to cut child poverty and increase educational attainment, its impact on future economic prosperity in rural, majority-minority communities, and the policy’s ability to decrease economic disparities between non-metro and metropolitan areas.
Bennett, E.; Zhang, M. The Expanded Child Tax Credit and Educational Attainment in Rural, Majority-Minority Communities. Journal of Economic Analysis, 2023, 2, 39. https://doi.org/10.58567/jea02040003
AMA Style
Bennett E, Zhang M. The Expanded Child Tax Credit and Educational Attainment in Rural, Majority-Minority Communities. Journal of Economic Analysis; 2023, 2(4):39. https://doi.org/10.58567/jea02040003
Chicago/Turabian Style
Bennett, Ethan; Zhang, Mengzhong 2023. "The Expanded Child Tax Credit and Educational Attainment in Rural, Majority-Minority Communities" Journal of Economic Analysis 2, no.4:39. https://doi.org/10.58567/jea02040003
APA style
Bennett, E., & Zhang, M. (2023). The Expanded Child Tax Credit and Educational Attainment in Rural, Majority-Minority Communities. Journal of Economic Analysis, 2(4), 39. https://doi.org/10.58567/jea02040003
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