Development Pathways (11.03.2021) As part of recent COVID-19-related legislation, the US Government has committed to provide a quasi-universal child benefit (an affluence-tested “qUCB”) – a monthly child cash benefit where, like in Iceland, only the very wealthiest families will not receive the full amount. This child benefit – which transforms the existing Child Tax Credit (CTC) to pay up to USD 300 per month per child under 6, and USD 250 per child aged 6 to 17 – is likely to have a positive impact far beyond the family budget.
As part of recent COVID-19-related legislation, the US Government has committed to provide a quasi-universal child benefit (an affluence-tested “qUCB”) – a monthly child cash benefit where, like in Iceland, only the very wealthiest families will not receive the full amount. This child benefit – which transforms the existing Child Tax Credit (CTC) to pay up to USD 300 per month per child under 6, and USD 250 per child aged 6 to 17 – is likely to have a positive impact far beyond the family budget.