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Tens of millions of households will receive up to $250 a month per child between age 6 and 17 and up to $300 per child under age 6, based on their ages at the end of 2021. The payments will be made on the 15th of every month, unless that date falls on a holiday or weekend, the Treasury Department said Monday.
The credit isn’t just larger. Congress made two other changes that effectively convert the credit into a near-universal child allowance. First, it made the credit fully refundable, which means that the entire amount can go to households that don’t make enough money to pay income taxes. Before, $1,400 of the $2,000 credit was refundable.
In addition, Congress ordered the IRS to begin regular payments of the credit, turning the lump-sum refunds during tax season into a routine benefit for 2021. Parents will get half of the credit’s full value over the course of the second half of 2021, shrinking the tax refund they would otherwise get in early 2022.
Democrats have hailed the credit expansion as a historic poverty-fighting effort. President Biden has proposed extending the expanded credit through 2025, while some congressional Democrats have called for making the new rules permanent.
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When will this enforced and involuntary generosity end?
If the Republicans don't take back the Congress in 2022, then I truly feel and hope that there actually WILL be some kind of revolt!
They aren't and neither is continually increasing them year after year, shifting more of the cost of childcare onto those that don't even have children.
They aren't and neither is continually increasing them year after year, shifting more of the cost of childcare onto those that don't even have children.
Nanny government taking care of you from cradle to grave.
Make the people dependent on you and you can stay in power for a long time.
Nanny government taking care of you from cradle to grave.
Make the people dependent on you and you can stay in power for a long time.
That does seem to be what is happening. The Democrats are not only importing their future voting base but they are also buying votes. What average citizen would take the high road to vote to stop the checks from coming even if doing so would stop the eventual bankruptcy of the country?
The people that depend on the Government for their survival are not generally the types that have much plans for the future.
The Democrats will take care of you from the womb to the tomb and all you have to do is vote for them while someone else (the boogey man of the day) pays for it.
Tax is supposed to be (and should be) a fee exacted by the government for the cost of services rendered by the government to the citizenry (we can also have the discussion as to which services, exactly, the government should offer). Thus, those who require more of said services should be paying more. Those who require fewer of said services should be paying less. Does a family of two or a family of six generally require a greater number said of services or fewer of said services?
The referenced OP policy is bass ackwards.
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