Posted on 05/17/2021 7:57:23 AM PDT by SeekAndFind
In the latest evolution of creeping Universal Basic Income, Biden administration officials said on Monday that a poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July. The Democratic-backed American Rescue Plan, signed into law by President Joe Biden in March as a response to the coronavirus pandemic, expanded a tax credit available to most parents.
Treasury and the IRS also announced the increased CTC payments, will be made on the 15th of each month allowing families who receive the credit by direct deposit to plan their budgets around receipt of the benefit. Eligible families will receive a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above.
Eligible recipients will get up to $3,000 per child between 6 and 17, or $3,600 for each child under the age of 6, in 2021, subject to income restrictions. The benefit will reach 39 million households, many automatically and by direct deposit every month, starting on July 15. It is one of several measures the administration says could lift more than 5 million children out of poverty, half of the total number of U.S. youngsters in that situation, according to Reuters.
Officials are trying to help the economy recover from the pandemic. Yet recent signs of higher inflation have raised concern that those costs could eat away at incomes and exacerbate inequality, which has been supercharged ever since the global financial crisis by the Fed's actions, a point we have been making since 2009 and which was underscroed by Stanley Druckenmiller in a recent discussion in which he said that "There's Been No Greater Engine Of Inequality Than The Fed"
Biden has asked Congress to extend the tax credit through 2025.
No worries ... Cheney, Kinzinger, Toomey, et al. may be more to your liking to run for prez!
Thanks to the Senate Republicans who folded like used toilet paper and voted for this...
And if you're a Hawley fan then you may well like Biden and Harris as well.
Socialism is socialism, regardless of whether a Republican is advocating it or a Democrat.
Just 6 months ago, McConnell shot down the 2K stimulus check that Trump wanted approved .. now we’re talkin’ trillions.
Seems he passed up a bargain when he had the chance.
Repubs won’t win with that mindset .. just sayin’.
I voted for Trump in 2016 and 2020, so no, I detest Biden/Harris. But it’s always wise to remember that all Trump voters are not old-school republicans, or republican at all.
Instead of working with the Republican president they had in office, they worked against him.
Trump voters are not going to vote for Bush/Cheney/Romney candidates.
Will they vote for Hawley if he backs socialistic government giveaways like his proposal?
Impossible for me to speak for all, of course. But since Trump was able to bring along a sizeable number of new voters to the party, there must have been something there besides the staid talking points only of fiscal conservatism and conservative principles.
I always thought y’all wanted to broaden the base? We are all individuals with our own concerns, barriers and aspirations. We all need to do whatever it takes to get out of this twilight zone we find ourselves in now, so there’s gotta be some give and take, no?
We haven’t gotten the last one yet
Too old and still recovering from shoulder injury.
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Same. With messed up knees and back. Too old to do bullshit menial labor.
And I won’t. Don’t give a rat’s ass if some simpleton Freeper wants to refer to me as a moocher.
The REAL moochers are the Congress, big and small business, the Chamber of Commerce and party leadership.
They never met an American they didn’t want replaced by the Cheap Indian or Mexican Labor Express. The American middle class is toast. Why should Americans do all the menial labor garbage jobs whist decent jobs are set aside for foreigners?
Plenty of part-time menial labor jobs to go around they say. 8.1 million to be exact. Go ahead and take one or two.
Plenty of part-time menial labor jobs to go around they say. 8.1 million to be exact. Go ahead and take one or two.
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You first. I did 30 years as a commercial fisherman and 16 as a landscaper - had enough labor, menial or otherwise. period.
You first. I did 30 years as a commercial fisherman and 16 as a landscaper - had enough labor, menial or otherwise. period.
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If you know my posting history, you know damned well I will never take one of those shit jobs. I won’t ever do blue-collar work - skilled or otherwise.
With the exception of 4 years in the Army and maybe a few months elsewhere in total, I never punched a clock and never will.
Don’t know you posting history - takes too much time away for other tings to look up.
Did my 4 in the Army as well.
I wish I could lose my job so I could make more money doing nothing....
My God, no one will return to work now
Considering most of the 8.1 million open positions are mostly fast-food, restaurant, or other low-wage entry-level menial jobs, NO.
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