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Keyword: childtaxcredit

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  • Treasury sends $15 billion in August child tax credit payments

    08/13/2021 8:49:00 AM PDT · by ChicagoConservative27 · 21 replies
    The Hill ^ | 08/13/2021 | Sylvan Lane
    Treasury sends $15 billion in August child tax credit payments © istock Millions of households received their second monthly payment of the expanded child tax credit this week, with the Treasury Department saying Friday $15.4 billion was disbursed. “Today 61 million children across America are benefiting from the advance Child Tax Credit, helping families put food on the table and meet the needs of the next generation,” said Treasury Deputy Secretary Wally Adeyemo in a statement. “We want every eligible family to have access to the advance Child Tax Credit, which is why we will continue our outreach efforts to...
  • Rubio Memo Reminds ‘Reluctant’ Republicans That Dem Child Allowance Is A ‘Poverty Trap,’ ‘Precursor’ To UBI

    08/10/2021 6:37:56 AM PDT · by Kaslin · 12 replies
    The Federalist ^ | August 10, 2021 | Emily Jashinsky
    Sen. Marco Rubio is circulating a memo aimed at emboldening Republicans to fight a measure that would distribute even more taxpayer money to nonworking parents.In a sign of the times, Sen. Marco Rubio, R-Florida, is circulating a memo aimed at emboldening Republicans to fight a measure that would distribute federal money to nonworking parents, worsening “poverty traps” by extending the new child allowance through the budget reconciliation bill. Rubio’s memo also criticizes the media for characterizing Democrats’ proposal as an “expanded child tax credit” when the money “goes to parents with zero tax liability, or who are simply not working...
  • Monthly payment to families from child tax credit increase in American Families Plan start in July Families with children will receive $250 or $300 monthly due to the child tax credit.

    05/18/2021 10:55:28 AM PDT · by Red Badger · 34 replies ^ | Updated: May 17, 2021 - 9:25am | By Nicholas Sherman
    The Biden administration said Monday it will begin disbursing the monthly payments to families as a result of the child tax credit increase authorized in the recently enacted the American Families Plan. The money will starting July 15 go to low-and-moderate-income families – $250 a month for each child over 6 or $300 for each child under 6. "The American Rescue Plan is delivering critical tax relief to middle class and hard-pressed working families with children," said Biden, according to The Hill. "With today's announcement, about 90% of families with children will get this new tax relief automatically." Roughly 39...
  • American families will begin receiving child tax credit payments in July

    05/17/2021 6:53:32 AM PDT · by ChicagoConservative27 · 16 replies
    UPI ^ | 05/17/2021 | UPI
    May 17 (UPI) — Almost 40 million American families will begin receiving the new monthly child tax credit payments in less than two months, the federal government announced Monday. The White House said the payments, part of the expanded child tax credit program in President Joe Biden’s $1.9 trillion American Rescue Plan, will begin on on July 15.
  • 7 Exorbitant Welfare Proposals Packed Into Biden’s ‘American Family Plan’

    05/03/2021 5:32:38 AM PDT · by Kaslin · 25 replies
    The Federalist ^ | May 3, 2021 | Elizabeth Bauer
    Biden's American Family Plan would dole out free college, free child care, free meals, and more. But does the math add up? Nope.President Biden released the provisions of his American Family Plan last week, and just like with his American Jobs Plan, the details are scant and the price tag is high.Even given the limited details, the plans ought to give everyone pause — and by “everyone” I don’t just mean conservatives who oppose massive welfare state expansions, but also those who agree with the objective of an increase in the social insurance system in America. There are some serious...
  • Report: Americans’ Obsession With Careers Is Contributing To Our Dangerous Lack Of Babies

    03/18/2021 9:20:03 AM PDT · by Kaslin · 95 replies
    The Federalist ^ | March 18, 2021 | Joy Pulman
    What really predicted fertility, the authors find, are attitudes about work and family.The world’s richest countries typically have the world’s lowest birth rates. The highest-income people in those wealthy countries on average have the smallest family sizes. Those two facts conflict with the broad perception, especially among lawmakers, that Americans aren’t having babies because they’re worried about how expensive kids are. So may the results of a new study out today, which finds that the more career-oriented individuals and wealthy societies become, the more their fertility declines. “Highly work-focused values and social attitudes among both men and women are strongly...
  • 5 Ways To Use ‘Stimulus’ Hush Money To Fight Democrats’ Plans For Your Serfdom

    03/15/2021 6:46:49 AM PDT · by Kaslin · 18 replies
    The Federalist ^ | March 15, 2021 | Joy Pullman
    Democrats want to use stimulus money to make you into the people populating Disney's cartoon 'Wall-E.' Instead, turn it into a weapon for antifragility.Democrats’ fifth round of “coronavirus” “stimulus” will soon hand another $1,400 in government debt, plus interest, to every American man, woman, and child in 90 percent of U.S. households. It’s clear this is yet another round of hush money meant to keep Americans quiet and distracted while Democrats restructure the United States into a larger version of their failed uniparty state, California.While COVID times have been obviously worse than the four years of prosperity and freedom under...
  • Forget A Universal Basic Income. Instead, Pay Married People To Have More Babies

    01/19/2021 11:02:42 AM PST · by Kaslin · 38 replies
    The Federalist ^ | January 19, 2021 | Scott Ruesterholz
    People To Have More Babies Republicans must become not just the party of workers but also the party of families. They should do it by upping Joe Biden’s proposed child tax credit into something bigger.As the Republican Party charts its path during a Joe Biden presidency, there will undoubtedly be calls from the corporate wing to return to the neoliberal orthodoxy that defined it under the Bushes, Mitt Romney, and Paul Ryan. This would be a profound mistake.President Donald Trump has repositioned Republicans as the party of workers with his focus on trade, industrial, and immigration issues. By crafting an...
  • Bipartisan Bill Helps Working Families With Advances on Child Tax Credit

    12/05/2019 3:54:36 PM PST · by KC_Lion · 10 replies
    The Epoch Times ^ | December 5, 2019 | Bill Cassidy
    WASHINGTON—Parents of infants under 1 year of age or adopted children of any age could receive in advance up to $5,000 of their child tax credit to help cover expenses under a bipartisan bill introduced Dec. 4. The “Advancing Support for Working Families Act” was unveiled during a joint Capitol Hill news conference by Sens. Bill Cassidy (R-La.), Kyrsten Sinema (D-Ariz.), and Shelley Moore Capito (R-W.Va.), as well as Reps. Colin Allred (D-Texas) and Elise Stefanik (R-N.Y.). .... “This does not raise taxes, and it does not have mandates. We give options to the parents,” Cassidy said during the news...
  • Marco Rubio, unclear on the concept

    12/16/2017 8:03:59 AM PST · by Governor Dinwiddie · 60 replies
    American Thinker ^ | December 16, 2017 | Marco Rubio, unclear on the concept
    On the heels of its horrific failures to repeal Obamacare, the troublesome Senate has finally gotten its act together enough to pass a $1.6 trillion tax cut. If it passes as expected, Americans can finally get the tax cut for Christmas that they elected a Republican Congress for, following years of Obama-era tax harvestings and stagnation. But it was a close call. One name stands out as a stinker here, and it still stands out as a stinker even though he's now voting yes: Senator Marco Rubio. The supposed conservative from Florida was willing to derail the whole thing for...
  • GOP Tax Reform Still Lets Illegal Immigrants Receive Child Credit Subsidy

    12/05/2017 7:49:17 PM PST · by 11th_VA · 54 replies
    Daily Caller ^ | Dec 4, 2017 | Will Racke
    The Republican tax reform bill would still allow illegal immigrants to claim a key tax credit, despite earlier calls from conservative lawmakers to end what they say is a multi-billion dollar annual reward for lawbreakers. Under both the House and Senate versions of the Tax Cuts and Jobs Act, illegal immigrants with taxpayer identification numbers may claim the child tax credit for any of their U.S.-born children. The original version of the Republican tax bill introduced in the House Ways and Means Committee stipulated that the refundable credit would not be available unless the “taxpayer includes the taxpayer’s Social Security...
  • Ivanka teams with Norquist to boost tax-reform efforts

    09/07/2017 9:29:51 AM PDT · by TheErnFormerlyKnownAsBig · 32 replies
    Washingron Times ^ | 9-6-17 | David Sherfinski
    Ivanka Trump, the president’s daughter and a top adviser, jumped into the administration’s tax reform push on Wednesday, joining conservatives to promote an expansion of the child tax credit and later appearing onstage with her father at an event in North Dakota. Ms. Trump told conservative leaders that the administration is pushing for “the largest child tax credit possible,” potentially doubling it to $2,000 per child, and said she wants to make it refundable against payroll taxes so that lower-income people who pay little or no federal income tax would still benefit.
  • Illegal immigration trips up tax deal (Rats want Child Credits Indexed for Illegals)

    12/07/2015 7:42:20 AM PST · by 11th_VA · 11 replies ^ | 12/7/15 12:01 AM | By Joseph Lawler
    Immigration is once again threatening to jam up congressional action, this time on tax legislation. Conservatives' concerns about benefits flowing to illegal immigrants are a major sticking point in negotiations over the package of tax breaks known as "extenders." Congressional negotiators last week were working toward a deal to reauthorize, and in some cases expand or make permanent, a grab bag of dozens of expired and expiring tax provisions worth almost $1 trillion on a 10-year basis. Most of the tax provisions affect businesses, but President Obama and congressional Democrats have long insisted that tax breaks for low and middle-income...
  • The IRS Immigration Fraud Scandal (Rubio, Ryan losing credibiltiy over amnesty)

    06/18/2013 5:45:39 AM PDT · by cotton1706 · 10 replies ^ | 6/18/13 | Jeffrey Lord
    Marco Rubio. Paul Ryan. The IRS. Illegal immigration. And fraud to the tune of billions.. Now there’s a combustible mix. Let’s start with the IRS, illegal immigration and fraud. We’ll come back in a minute to Senator Rubio and Congressman Ryan. For those who came in late, a year before the IRS scandals burst onto the scene in early May of 2013, an alert investigative reporter for WTHR-Indianapolis (Channel 13), Bob Segall by name, produced a stunning piece of journalism. Segall’s video report is found here and we will quote from his story for the basics. The tale begins when...
  • IRS knowingly sends Billions in Fraudulent Refunds to Illegal Immigrants

    03/30/2013 5:55:30 AM PDT · by Texas Fossil · 100 replies
    Town Hall ^ | Mar 30, 2013 | Bob Beauprez
    A WTHR-TV Indianapolis investigative report exposes a fraudulent scheme wherein the IRS is sending $4.2 billion per year to illegal immigrants as an "additional child tax credit" for children who don't even live in the U.S. Further, the IRS and Congress have been ignoring the scheme for years. The Inspector General's office has repeatedly identified the problem in audit after audit. The IG, Russell George says, "The magnitude of the problem has grown exponentially," but the IRS is doing nothing to stop it. "It's so easy it's ridiculous," the tax preparer whistleblower who exposed the fraud admits. Names are simply...
  • Pass the Sour Grapes, Not Sweet Potatoes [+ Congress In Review]

    11/28/2003 5:31:56 AM PST · by OESY · 2 replies · 147+ views
    New York Times ^ | November 27, 2003 | CARL HULSE
    WASHINGTON, Nov. 26 — Congress broke for Thanksgiving with a final burst of partisan recriminations over the conduct of a session that produced Medicare changes, tax cuts and hard feelings certain to spill over into the 2004 campaign. Republican leaders, who labeled Democrats obstructionists, celebrated the addition of prescription drug coverage to the Medicare insurance program as just the latest in a string of accomplishments that could improve their appeal with a range of voters. Democrats asserted that Republicans, in their drive to prove they could deliver when controlling both the House and the Senate, badly bent Congressional rules and...
  • House Democrats plan disruptions to highlight child tax credit debate; week from hell for the GOP

    07/21/2003 5:45:23 PM PDT · by Brian S · 30 replies · 194+ views
    <p>The House Democratic leader pledged Monday to disrupt business as usual this week to pressure lawmakers to expand the child tax credit for more low-income families.</p> <p>"This will be a week from hell for the Republicans," said House Minority Leader Nancy Pelosi.</p>
  • The president gets snookered and we pay the price

    06/10/2003 9:41:03 AM PDT · by mikeb704 · 25 replies · 380+ views
    Oak Lawn (IL) Reporter | 6/12/03 | Michael M. Bates
    Some economic facts of life are obvious. You can’t take money out of a bank account unless someone has put money in it. You can’t get a rebate on a product if you don’t buy it. You can’t take advantage of lower interest rates if you don’t take out a mortgage. Only in Washington, D.C. can basic economic truisms be turned on their head. That’s the case with the expanded child tax credit. Less than a month ago, Mr. Bush signed a multibillion dollar tax cut that will issue checks of up to $400 to most middle-income families. The reimbursement...
  • Bush Wants House to Pass Child Tax Refunds

    06/09/2003 5:35:02 PM PDT · by Brian S · 47 replies · 209+ views
    Reuters ^ | 06-09-03
    Mon June 9, 2003 04:03 PM ET WASHINGTON (Reuters) - President Bush would sign a bill ensuring that low-income workers benefit from an increase in the child tax credit if the U.S. House of Representatives follows the Senate's lead and passes the measure, the White House said on Monday. White House spokesman Ari Fleischer said Bush wants the Republican-led House to pass the bill quickly so he can sign it into law. "He understands they're going to take a look at some other tax matters. That's their prerogative," Fleischer told reporters. "But he wants to make certain that this does...
  • Stealing from the Trust fund: Tax credit for those who don't pay...

    06/06/2003 11:36:24 AM PDT · by 1stFreedom · 7 replies · 194+ views
    The Democrats want to extend the Child tax credit to those with low incomes. They argue that the working poor do pay taxes in the form of payroll taxes. But to refund the payroll tax is to robbing the Social Security "trust" fund of needed cash. The poor are the primary beneficiaries of the social programs so they must bear the responsibility of paying the premiums. So, the new rallying cry should be "Don't starve old widows -- leave the Social Security "trust fund" alone -- Don't cut payroll taxes!"