Reply With Quotelol..this looks to be like actually getting paid. not a creditchild tax credit relief payments.
Banned
I think the schools are a little too good here... because the property taxes are more than s bit high as a result...which ironically pushes out some families who can no longer afford it here.Originally Posted by Hoosier Daddy
Verified User
lol..this looks to be like actually getting paid. not a creditchild tax credit relief payments.
Banned
Yes, sure seems that is the case.
Verified User
gives new meaning to "free stuff"
Banned
It's like a Lite version of TANF only more Universal.
Retired Teacher
So it's cash, not vouchers specifically for child care/education?....So it could be spent on anything?
Banned
The Child Tax Credit will boost spending at Walmart, Amazon, Wingstop and other consumer brands
Tonya Garcia 10 hrs ago
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Walmart, Target, Amazon, Wingstop and Nike are some of the names that will benefit when consumers start receiving Child Tax Credit funds this Thursday, according to Cowen.
© robyn beck/Agence France-Presse/Getty Images
The Child Tax Credit, which will be paid in monthly installments of up to $300 for children under age 6 and up to $250 for children between 6 and 17 through the end of the year, will benefit about 39 million Americans.
Cowen’s Washington Research Group calls the program an “underappreciated stimulus” that will boost spending across a variety of sectors and consumer companies.
Read: Monthly payments of up to $300 per child are starting for most families — and could keep coming for years
The launch of the program coincides with the start of back-to-school shopping and the end of other COVID-related programs.
“The timing of this stimulus is particularly helpful as enhanced unemployment benefits begin to roll off in some (mostly red) states and at the federal level in September,” Cowen wrote.
Retired Teacher
So no guarantee that it will be spent on the children, as intended....
Banned
True enough.
Retired Teacher
Exactly... Specific vouchers would be the way to go, don't you think?
Verified User
Kash for Kids
Back To Reality
It can be used once a year, but because trump was too incompetent to even use reconciliation, it can be used twice this year. That means one more time this.
Biden is very good at working things through the Congress, even with Republican minority obstruction. Worth noting that Democrats were completely willing to work with trump, and he got little done. Biden has complete opposition from Republicans, and is still getting stuff done.
Reconciliation can only be used for taxing and spending bills (basically the budget). So there are parts of the of Biden's agenda that cannot be put into a reconciliation bill. What Biden is doing is offering Republicans a choice. If Republicans want to block the non budgetary parts of the bills, Biden will push through huge bills. If they want smaller bills, they have to allow the non budgetary parts of the bills to come to a vote.
So let's talk raising the minimum wage, which is not budgetary, so could not be in a reconciliation bill. Republicans can block it completely, but then Biden will push through a $5 trillion infrastructure bill. If Republicans want it closer to $1 trillion, they have to allow for a rise in minimum wage. Biden is masterfully playing that strategy.
Back To Reality
A third of children in America do not get nothing, because their parents make to little. Another third make little, but the richest third get a a nice $2k gift. It is an amazingly amount, $127 billion a year, but does little to nothing for the poorest two thirds of Americans.
So along with anything, it depends upon what you mean by middle class. If you mean a family making between $100k and $400k, yes, it has gone to them... But it did little for those mean people making under $100k, it is a few extra bucks a year, but not much.
Guno צְבִי (07-16-2021)
Back To Reality
So you want to tax poor people's money, and then hand them vouchers that tell them how they can spend their money? That seems brutal to me.
Maybe we should apply the same thing to you. You get a Social Security check that you can spend on anything, like crystal meth, or prostitutes. We should only allow you to spend money on food, rent, and those little figurines that we believe old people should like. How do you feel about that?
Back To Reality
So you want to tax poor people's money, and then hand them vouchers that tell them how they can spend their money? That seems brutal to me.
Maybe we should apply the same thing to you. You get a Social Security check that you can spend on anything, like crystal meth, or prostitutes. We should only allow you to spend money on food, rent, and those little figurines that we believe old people should like. How do you feel about that?
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