Corporate America Must Step Up to Save the Child Tax Credit

March 07, 2024

The Hill

See article on original site

Five years ago, 181 CEOs signed a groundbreaking statement promising to lead their companies for the benefit of not just shareholders but also stakeholders — including customers, workers, suppliers, and the larger community.

While the pledge generated positive attention, it’s been the target of a major criticism: companies ultimately won’t do anything that undermines their own bottom lines. At the end of the day, CEOs have a fiduciary responsibility to their shareholders.

But, in Washington, the usual tension between social responsibility and shareholders’ interests has been momentarily suspended. In a high-stakes legislative fight, American corporations have the opportunity to support a law that would dramatically cut child poverty, while also substantially reducing their own tax burdens.

Read the full article here.

Support Cepr


If you value CEPR's work, support us by making a financial contribution.

Si valora el trabajo de CEPR, apóyenos haciendo una contribución financiera.

Donate Apóyanos

Keep up with our latest news