The New Child Tax Credit Will Reduce Poverty. So What’s the Hold Up?

Hi everyone! I’m Claire Suddath, a senior writer on Bloomberg’s Equality team and with Bloomberg Businessweek, here to talk about the child tax credit bill. But first...

Last week, the House of Representatives passed a $78 billion tax bill that included, among other things, an expansion of the existing child tax credit. But this rare example of bipartisan compromise has hit a major political roadblock in the Senate.