Political Quotes

“I appreciate the opportunity to address the Senate on an issue of real importance to our country and to families in Colorado and all across the United States. Today, 120 economists wrote an open letter--in the face of the inflation that we are now facing as a nation, as a result of the economic growth that we are having coming out of this very deep recession, and the supply chain interruptions that have caused inflation, 120 economists sent an open letter saying: The expanded Child Tax Credit is one of the easiest, most effective, and direct tools currently at our disposal to help families deal with the impact of inflation on family budgets. The exert opinions about the causes of and solutions to rising inflation are as varied as the authors of this letter, but we agree on this: the expanded Child Tax Credit is too small to meaningfully increase inflation across the whole economy. That means that that $100 billion a year that the child tax credit costs to lift half the kids out of poverty isn't going to drive inflation in a $21 trillion economy. That is one of the points these economists agreed on. ``[B]ut,'' they wrote, ``it will make an important difference for family budgets, especially families in the bottom half of the income spectrum. Monthly Child Tax Credit payments are a proven success at helping families keep up with the everyday costs of keeping a family afloat.'' Mr.…”