The government is going back to formula. They will only help you if you are already miserable and will stay miserable after they give you back your taxes.
Or, as Rush used to say, “give you just enough to keep you miserable.”
Yabut...
Most of us who earn between $75-125K—that is, the working middle class—won’t get anything. We’ll all still be required to pay our taxes, which Biden intends to raise.
Those under $50K paid a lot less taxes, and even got money back they didn’t pay through the earned income credit! They won’t have to worry about continuing to pay taxes.
In essence, the working middle class will pay for the bottom class’s COVID relief.