This is BS.
This is a huge gift to cheap-labor beneficiaries. It compensates for not having as much cheap foreign labor to supress wages. People will be willing to work for less if the gov will fill the gap. It wrecks the supply and demand curve for labor, which is necessary for wages to increase.
Wealth redistribution to people who pay no tax masquerading as “Tax cuts”
Everyone clap
Ps they will still vote democrat
Alive and dead
>>...families that work but don’t earn enough to actually owe any federal income taxes will get a large check back from the government.<<
>>This is BS.<<
That actually will spur the economy quickly. The reason why is these are the people who live paycheck to paycheck. Any additional money they get will circulate in the economy right away.
The key to all of this is rapid economic growth.
The MSM has been good at hiding 3% growth. 5% growth is not able to be hidden. 5% is not only possible with this plan, it is likely. Why do you think the Democrats hate it so much?
True, it should read:
...families that don't do any work at all, but collect numerous entitlements, and don't actually owe any federal income taxes due to their protected status, will get a large check back from the working taxpayers through the Federal Government.
Been happening for years.
Illegals here working with a stolen SS number usually only put very high number of ‘exemptions on W-4, and they pay very little IF ANY Fed taxes in with holding. ( Worked as a payroll supervisor & sa this first hand).
Then they filed a 1040 to get the check for the ‘child credit....So they got PAID money they never paid into the system.....FOR YEARS.