Dems Pushing Monthly Payments For Parents (Advance CTC)

So the big stimulus news today is that the Washington Post is reporting, according to anonymous sources, that the Dems are currently drafting legislation that would instruct the I.R.S. to send recurring monthly payments to tens of millions of American families as an advance of the expanded Child Tax Credit that Biden wants in his stimulus plan. 

So just like the stimulus checks were the advance refund of the Recovery Rebate Credit, what Dems are pushing for here is to increase the Child Tax Credit to thirty-six hundred dollars for children younger than six, as we discussed when we went over Biden’s stimulus plan, as well as to increase the Child Tax Credit to three thousand dollars for children between the ages of six and seventeen, and of course making seventeen-year-olds eligible period, and for the IRS to pay these amounts monthly in advance for twelve months. 

So if you have a child under six, you would receive a three hundred dollar monthly check for them, if you have a child between the ages of six and seventeen, you would receive a two hundred and fifty dollar monthly check for them.  And obviously if you have multiple children, those payments are multiplied by the number of children you have in each age bucket. 

I imagine that if this is passed there would be some kind of reconciliation on the twenty-twenty-one tax return where the Child Tax Credit would normally be reported except now if the Dems get their way here, that Child Tax Credit would have been paid in advance. 

Washington Post is reporting that unlike the stimulus checks, the Biden administration and Democratic lawmakers are hoping to make these child benefits a permanent government program that would continue in future years, according to three anonymous senior Democratic officials. 

However, right now they’re only pushing to do this for one year.  The Post is reporting that the benefit would be phased out for affluent Americans, though the precise income level has not been determined, if I had to guess, I would guess that this is just the existing Child Tax Credit income limitations. 

It’s reported that this benefit could increase the federal deficit by as much as one hundred and twenty billion for one year, but researchers at Columbia University ay that it could reduce child poverty in the United States by more than fifty percent, if those figures are true, that seems like an amazing payoff, hundred and twenty billion to reduce child poverty by fifty percent. 

Will Republicans go for it?  Definitely not all of them, but we do know that Republican Senators like Marco Rubio and Mike Lee are big fans of the Child Tax Credit.  Post is reporting that Democratic lawmakers are also exploring whether Treasury can set up an online portal for parents to manage their receipt of the advance payment of the credit.  Also, it’s being reported that the plan would give taxpayers the option of simply receiving the tax credit when they file their return rather than throughout the year, not sure why you would do that, but that’s said to be an option in this Democratic plan.  There are many unanswered questions at this point, such as would a recipients’ tax liability have to be wiped out first in order for them to get the monthly payment to how exactly would the IRS roll this out. 

Lots of questions, but this is what some top Dems are thinking.  What do you think about this proposal, paying the Child Tax Credit out early, let me know in the comments. 

In other stimulus news, Biden’s Press Secretary said today that Biden’s position on the filibuster has not changed, meaning that as of right now, he’s not pursuing getting rid of the legislative filibuster. 

In other Biden news, today Biden is expected to ask the Department of Agriculture to allow states to increase SNAP benefits and to increase by fifteen percent benefits awarded to low-income students through school meals programs.  Separately, Biden is also making efforts to get stimulus checks in the hands of the eight million Americans who have not yet received them, the White House says it will ask Treasury to consider improving its disbursement of stimulus checks by, and I quote, “working to make sure those who have not yet accessed their funds get the relief they deserve.” 

Biden is also expected to ask the Labor Department to make it clear that workers who refuse to return to working conditions that could expose them to coronavirus should still be eligible for unemployment benefits. 

Today Biden will also restore collective bargaining power to federal workers and direct agencies to develop recommendations directing the administration to start the work of an executive order requiring federal contractors to pay a fifteen dollar per hour minimum wage and provide emergency paid leave. 

In impeachment news, Senate Majority Leader Chuck Schumer said today that the House’s article of impeachment will be delivered to the Senate on Monday according to Nancy Pelosi. 

64 comments

  1. I’m really loving the theme/design of your site.
    Do you ever run into any browser compatibility problems?

    A few of my blog readers have complained about my website not operating correctly
    in Explorer but looks great in Opera. Do you have any suggestions to help fix this issue?

  2. You could definitely see your enthusiasm in the work you write.
    The world hopes for more passionate writers such as
    you who aren’t afraid to say how they believe.
    At all times follow your heart.

  3. When I originally commented I clicked the “Notify me when new comments are added”
    checkbox and now each time a comment is added I
    get three e-mails with the same comment. Is there any way you can remove people from that service?
    Many thanks!

  4. My spouse and I absolutely love your blog and find the majority of your post’s to be exactly what I’m looking for.

    Does one offer guest writers to write content for you personally?
    I wouldn’t mind producing a post or elaborating on most of the subjects you write about here.
    Again, awesome website!

  5. Attractive element of content. I simply stumbled upon your
    web site and in accession capital to say that I acquire actually loved
    account your weblog posts. Any way I will be subscribing to your
    augment and even I achievement you get entry to persistently rapidly.

  6. Link exchange is nothing else however it is just placing the other
    person’s web site link on your page at proper place and
    other person will also do same in favor of you.

  7. I have been surfing online more than 3 hours today, yet I
    never found any interesting article like yours. It is pretty worth enough for me.
    In my view, if all site owners and bloggers made good content as
    you did, the net will be a lot more useful than ever before.

  8. Hi! Someone in my Facebook group shared this site with us so I came to
    check it out. I’m definitely loving the information.
    I’m book-marking and will be tweeting this to my followers!
    Terrific blog and fantastic style and design.

  9. Right here is the right site for anybody who wishes to understand this topic.
    You understand a whole lot its almost tough to argue
    with you (not that I personally will need to…HaHa).
    You certainly put a brand new spin on a subject that’s been discussed
    for ages. Wonderful stuff, just wonderful!

  10. It’s a shame you don’t have a donate button! I’d
    certainly donate to this excellent blog! I suppose for now i’ll settle for bookmarking and adding
    your RSS feed to my Google account. I look forward to fresh updates and will share this site with my Facebook
    group. Chat soon!

  11. Hey! I know this is somewhat off-topic however I had to ask.
    Does running a well-established blog like yours require
    a massive amount work? I am brand new to running a blog however I
    do write in my diary every day. I’d like to start a blog so
    I will be able to share my own experience
    and thoughts online. Please let me know if you have any ideas
    or tips for new aspiring bloggers. Thankyou!

  12. I was curious iif you ever considered changing the page layout
    off your blog? Its very well written; I love what youve got
    to say. But maybe you could a little more in the way of content so
    people could connect with it better. Youve got an awful
    lot of text for only having 1 oor 2 images. Maybe you could space it out better?

  13. I have been browsing online more than three hours lately, yet I by no means found any attention-grabbing article like yours.
    It is pretty worth enough for me. In my opinion, if all website owners and bloggers made just right content as you did, the net might be much more
    useful than ever before.

  14. Magnificent beat ! I would like to apprentice while you amend your web site, how
    can i subscribe for a blog web site? The account aided me a acceptable
    deal. I had been a little bit acquainted of
    this your broadcast offered bright clear idea

  15. You’re so awesome! I don’t think I’ve truly read through something like that before.
    So good to find somebody with unique thoughts on this issue.

    Really.. many thanks for starting this up. This web site is
    one thing that is required on the internet, someone with a little
    originality!

  16. Howdy! I understand this is kind of off-topic but I had to ask.

    Does running a well-established blog like yours take a
    massive amount work? I’m completely new to running
    a blog but I do write in my journal everyday. I’d like
    to start a blog so I can share my own experience and feelings online.
    Please let me know if you have any kind of ideas or tips for new aspiring bloggers.

    Thankyou!

  17. Fascinating blog! Is your theme custom made or did you download
    it from somewhere? A design like yours with a few simple tweeks would really make my blog jump out.
    Please let me know where you got your theme. Many thanks

  18. You can certainly see your skills in the article you
    write. The arena hopes for more passionate writers such as you who aren’t afraid to say how they
    believe. At all times go after your heart.

  19. I know this if off topic but I’m looking into starting my own weblog and was
    curious what all is required to get setup? I’m assuming having a blog
    like yours would cost a pretty penny? I’m not very web savvy so I’m not 100% certain.
    Any tips or advice would be greatly appreciated. Thank you

  20. I don’t even know how I ended up here, however I assumed this post
    was once great. I do not recognize who you’re
    but certainly you’re going to a famous blogger if you
    happen to aren’t already. Cheers!

  21. I was pretty pleased to uncover this web site. I wanted
    to thank you for your time due to this fantastic read!!

    I definitely appreciated every bit of it and I
    have you bookmarked to look at new stuff on your
    blog.

  22. Нey there just ᴡanted too give yooս a quick eads up and
    leet you know a few of the piϲtures aren’t loading correctly.
    I’m not sure why but I think its a linking issue. I’vе tried itt
    in ttwo different web browsaers and both show the sɑme outcome.

  23. My relatives every time say that I am wasting my time here at net, but I know I am
    getting familiarity every day by reading such pleasant articles.

Leave a reply

Please enter your comment!
Please enter your name here