Posted on 05/19/2021 4:21:45 AM PDT by Oldeconomybuyer
ALBUQUERQUE, N.M. (AP) — The check won’t arrive until mid-July, but Katrina Peters already knows what she’ll do with her Child Tax Credit payments. The 20-year-old mother of three has applied to work as a driver with a food delivery app, and the extra cash is earmarked for repairing, registering and insuring her car.
“I just need to make sure it’s 100% and then I can start working and get an income,” Peters said, cradling her 3-week-old son, Armani. “That’s where it starts.”
The payments are a key part of Democrats’ COVID-19 aid bill passed in March, but for policymakers they are more than just an attempt to help families recover from the pandemic. The monthly checks of up to $300 per child for millions of families are part of an ambitious attempt to shrink child poverty and rethink the American social safety net in the process.
With an emphasis on direct, no-strings cash support, the payments are a deliberate departure from a system that for decades has tried to control how Americans spend their government assistance by funneling it to food, housing or child care. Peters is as free to use the cash on her car as she is to spend it on diapers.
The expanded CTC payments, which are due to begin going out July 15, are only meant to last a year, but architects and proponents aren’t trying to hide the fact that they want to make this permanent. The coronavirus pandemic, they say, laid bare the inadequacies of America’s support system and provided the political momentum to make lasting changes.
(Excerpt) Read more at apnews.com ...
$300 will not change a culture.
Why does Katrina Peters have three children at age 20? There’s no mention of a father.
From my reading, Biden is giving parents the option of accepting monthly payments of the Child Tax Credit payments, rather than a lump sum at tax time.
Parents who take the monthly check will be livid when they learn that there’s no fat $3,000 check p/kid next April 15.
I see a surge in Lottery Ticket sales.
The price of illegal drugs will go up. So will rent, child care just about everything else.
Gold and silver about to be announced as fully backing US Rainbow currency, one would think the price would be running thru the roof, yet both are flat to down. Lots of folks have heard the Trumpster mention gold and silver backed currency. It’s not a secret. I got as much as I dare in short dated calls. So yes, Im talking my own book, but isn’t this the fattest pitch ever. One guy on Zero hedge called silver “ The trade of the century”
Nope. It’ll reinforce the bad cultural habits we should all be trying to get away from.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.