Remove Manufacturing Remove Poverty Remove Taxation
article thumbnail

The Social Contract: What’s Missing in the “Historic” Biden Legislation?

NonProfit Quarterly

Research/development, manufacturing, workforce. Taxation is mildly deflationary, since, by definition, taxes reduce the money available for consumer purchases. The provision is estimated to have reduced childhood poverty by 41 percent , lifting 3.7 million children out of poverty in 2021. Long-term care.

article thumbnail

The Break with Corporate Neoliberalism That Wasn’t—The Biden Years

NonProfit Quarterly

The number of children in poverty , according to US Census Bureau data, climbed from 5.2 percent (9.962 million) between 2021 and 2023, while the number of people of all ages in poverty climbed from 25.58 As sociology professor and poverty expert Mark Rank explains, the 13.7 Taxation also did not significantly change.