RT Journal Article SR Electronic T1 A Universal Child Allowance: A Plan to Reduce Poverty and Income Instability Among Children in the United States JF RSF: The Russell Sage Foundation Journal of the Social Sciences FD Russell Sage Foundation SP 22 OP 42 DO 10.7758/RSF.2018.4.2.02 VO 4 IS 2 A1 Shaefer, H. Luke A1 Collyer, Sophie A1 Duncan, Greg A1 Edin, Kathryn A1 Garfinkel, Irwin A1 Harris, David A1 Smeeding, Timothy M. A1 Waldfogel, Jane A1 Wimer, Christopher A1 Yoshikawa, Hirokazu YR 2018 UL http://www.rsfjournal.org/content/4/2/22.abstract AB To reduce child poverty and income instability, and eliminate extreme poverty among families with children in the United States, we propose converting the Child Tax Credit and child tax exemption into a universal, monthly child allowance. Our proposal is based on principles we argue should undergird the design of such policies: universality, accessibility, adequate payment levels, and more generous support for young children. Whether benefits should decline with additional children to reflect economies of scale is a question policymakers should consider. Analyzing 2015 Current Population Survey data, we estimate our proposed child allowance would reduce child poverty by about 40 percent, deep child poverty by nearly half, and would effectively eliminate extreme child poverty. Annual net cost estimates range from $66 billion to $105 billion.