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1.5 Million Parents Could Drop Out of Workforce Amid Biden Child Tax Benefit

by Andrew Moran


News Analysis

As many as 1.5 million working parents could exit the labor market as more U.S. households receive the expanded Child Tax Credit (CTC) benefit, a new study predicts.

According to a recent analysis (pdf) from University of Chicago economist Bruce Meyer, approximately 2.6 percent of parents could drop out of the workforce after being given monthly entitlement checks based on family income….


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