How to Expand the Child Tax Credit

The tax credit for children has long had wide bipartisan support, reflecting its popularity with the public. There are multiple reasons for having some such government policy. We have long sought to exempt the basic cost of living from the income tax, and that cost rises with the number of children in a household. Our entitlement programs do not account for their financial dependence on parental investments in children. Many Americans also worry about our below-replacement birth rates, and average family sizes are lower than surveys consistently find that American women...