For all its virtues, the president’s economic agenda has yet to increase living standards for most Americans.
These developments certainly disappointed progressives’ expectations for how the combination of large public investments in manufacturing, full employment, and cash transfers to parents would reshape U.S. politics.
The trouble is that the vast majority of Americans were not beneficiaries of the expanded child tax credit. Among all adults in the aforementioned poll, only 24 percent said that the policy had helped them “a lot” or “a little.”
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