Margot Crandall-Hollick on changes to the child tax credit SummaryUnder the One Big Beautiful Bill Act, the child tax credit maximum has been increased from $2,000 to $2,200, meaning some families may receive a bigger refund this tax season. However, the $2,500 earnings minimum and $1,700 refund cap means many low-income families won’t receive the full credit.
Brett Theodos and Brady Meixell on income changes the past 50 years SummaryMedian household incomes have increased nearly 32 percent since 1970, but that growth hasn’t been equally distributed nationwide.
Andrew Rumbach discusses backlogged disaster aid SummaryNew and pending disaster claims have accumulated in response to a directive from the Homeland Security Secretary directive for increased review before state and local disbursement
Andrew Rumbach on LA’s recovery and reconstruction timeline one year after wildfires SummaryFewer than a dozen homes have been rebuilt since the Palisades and Eaton fires burned through Los Angeles one year ago, though hundreds more are expected to be completed later this year.
Greg Acs discusses the “K-shaped economy” SummaryGregory Acs, vice president for the tax and income supports division at the Urban Institute, spoke with NPR’s Morning Edition about how economic growth has diverged into two arms: those who are reaping the benefits of a record-breaking stock market, and everyone else.
Linna Zhu on housing instability among older Americans SummaryLinna Zhu, a housing finance policy expert at the Urban Institute, spoke with PBS affiliate WNPT about how high housing-cost burdens affect senior renters.