What a load of ideological crap. Most of the middl
Post# of 127130
(Total Views: 152)
Posted On: 04/26/2021 1:59:21 PM
Re: Steel Reserve #62717
What a load of ideological crap. Most of the middle class gets the credits as well and the money in both classes will go through the economy like shit through a goose. It will be SPENT.
THAT'S the real issue for you righties, you're scared shitless that the economic recovery will be stronger than it otherwise would have been; the recovery AND the stimulus made necessary because of Trump's imbecilic mishandling of the pandemic.
https://cw39.com/cw39/new-3000-child-tax-cred...-eligible/
In embedding the expanded child tax credit in the $1.9 trillion rescue legislation enacted last month, Democrats sought to provide support to families affected by the coronavirus pandemic and parents forced to cut down on work or give up jobs to take care of children after losing access to childcare.
Democrats view the tax change as an opportunity to address income inequality worsened by the pandemic. According to some academic estimates, it would reduce the number of children living in poverty in the U.S. by more than half.
It temporarily increases the existing child tax credit from a maximum $2,000 a year per child to $3,000 for each child aged 6 to 17 and $3,600 for children under 6. It offers the option for families to receive advance monthly payments, rather than waiting for a lump sum based on the parents’ tax liability. The change will be in effect for a year under the rescue law; Democratic lawmakers have said they want to make it permanent.
Do you qualify for the child tax credit?
Individuals who make less than $75,000 or married couples who make less than $150,000 and file jointly will be eligible for the full tax credit per qualifying child.
Similar to the stimulus checks, the credit will phase out for people who make more than that, with individuals who earn $95,000 and married, joint-filers who make $170,000 not eligible for the financial boost.
Quote:
Individuals who make less than $75,000 or married couples who make less than $150,000 and file jointly will be eligible for the full tax credit per qualifying child.
THAT'S the real issue for you righties, you're scared shitless that the economic recovery will be stronger than it otherwise would have been; the recovery AND the stimulus made necessary because of Trump's imbecilic mishandling of the pandemic.
https://cw39.com/cw39/new-3000-child-tax-cred...-eligible/
In embedding the expanded child tax credit in the $1.9 trillion rescue legislation enacted last month, Democrats sought to provide support to families affected by the coronavirus pandemic and parents forced to cut down on work or give up jobs to take care of children after losing access to childcare.
Democrats view the tax change as an opportunity to address income inequality worsened by the pandemic. According to some academic estimates, it would reduce the number of children living in poverty in the U.S. by more than half.
It temporarily increases the existing child tax credit from a maximum $2,000 a year per child to $3,000 for each child aged 6 to 17 and $3,600 for children under 6. It offers the option for families to receive advance monthly payments, rather than waiting for a lump sum based on the parents’ tax liability. The change will be in effect for a year under the rescue law; Democratic lawmakers have said they want to make it permanent.
Do you qualify for the child tax credit?
Individuals who make less than $75,000 or married couples who make less than $150,000 and file jointly will be eligible for the full tax credit per qualifying child.
Similar to the stimulus checks, the credit will phase out for people who make more than that, with individuals who earn $95,000 and married, joint-filers who make $170,000 not eligible for the financial boost.
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