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The senator of New Jersey Cory Booker rolled out amazing policy proposals on Thursday to significantly reduce child poverty. Booker has a plan to give a monthly allowance of around $300 to most families with young children. By doing this, the plan is projected to help 7.3 million children escape poverty. This would be a great policy for the lower working class and can significantly improve the lives of many.
The policy Mr. Booker is proposing follows a bill called the American Family Act of 2019. It expands the child tax credit from $2,000 a year to $3,600 a year. However, the question that is always asked is where will the money come from. According to the article, the tax would come from families earning $180,000 or individual filers earning $130,000. Although these middle class or wealthier families are not happy with this extra tax money they have to pay, it is essential for this policy to work effectively. This method according to the article was proven to work very well in other countries such as Europe and Canada. These countries were able to cut their child poverty rate by almost half.
Although Mr. Booker’s plan is very good, not everyone agrees. There are still people against it, specifically the more wealthy who do not want to give their hard-earned money. But if these taxes are not put into place, millions of children will still be in poverty. Realistically, from these families taking away an extra few hundred can inconvenience them sure, but it can also save many lives of children. To sacrifice some money to save the lives of others while barely financially hurting oneself should be a no brainer.
Overall this is a great plan. By increasing the taxes of wealthier people by a small percentage, the government is able to get children out of poverty and save their lives. To make this plan even better, Mr. Booker should propose increasing the tax to $325 or even $350. This would give children the chance to buy things that they want or help their families even more to feed their children and buy them school supplies. Raising a child in general can be a real hassle and struggle, but even more if done under poverty. It can be almost impossible for some single parents. This policy would also aid in trying to distribute the wealth from the upper class to the lower class. Overall, this policy is great and should be enforced to try and save the lives of poverty living children.