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America's Child-Tax-Credit Bonanza

In addition to helping millions of American households provide for their children, the monthly Child Tax Credit that went into effect in July represents a massive opportunity for businesses. As every investment banker knows, companies that can boast of reliable “recurring revenue” are worth more than those that cannot.

SAN DIEGO – Stories about vaccination and coronavirus variants are blocking out almost all other news nowadays. But one story, in particular, deserves more coverage. This summer, the United States launched the Child Tax Credit (CTC), a new policy that will shake up traditional relations between the US federal government and American families – from poor households trying to come up with bus fare to affluent ones looking to put money down on a new Tesla.