Luke Shaefer Discusses New Monthly Child Tax Credit

Professor Luke Shaefer spoke with the New York Times about how the new monthly child tax credit could increase economic stability for families. "When we load up so much of our aid in an annual big refund, it means so many of our families are going into the red by the end of the year," Professor Shaefer said. "We used to think about poverty in the United States as static - your income is below the poverty line - but people's lives are very volatile."