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Message
Starting in July Biden administration will be pouring paper into "real economy"
Posted on 5/17/21 at 8:02 am
Posted on 5/17/21 at 8:02 am
quote:
Millions of middle and low income families across the country will start receiving monthly payments beginning in mid-July as part of the new, fully refundable child tax credit. The first payments will be made on July 15 and subsequent payments will continue to be made monthly through the end of the year, the Treasury Department and IRS announced on Monday.
Roughly 39 million families will begin receiving
automatic payments. That covers more than 65 million children, accounting for about 88% of all children in the U.S., according to the Biden administration. Eligible families will receive payments of up to $300 a month for every child under the age of 6 and up to $250 a month for every child ages 6 to 17.
There are roughly 70 million 17 or under in the United States I would imagine 90% live in households making under 150k combined. You're looking at roughly 15 billion a month in new dollars
LINK
This post was edited on 5/17/21 at 8:07 am
11
Posted on 5/17/21 at 8:20 am to Strannix
frick Biden
Posted on 5/17/21 at 8:32 am to Strannix
This will surely pull many families out of poverty 
Posted on 5/17/21 at 8:34 am to Strannix
This is just a front of the child tax credit right? I was under the impression that they are advancing the credit and people won't be able to deduct that from their taxes when they file 2021 returns. People making under 150k get an extra amount, but in total, everyone that qualifies for the normal child tax credit will get checks.
Posted on 5/17/21 at 8:37 am to Strannix
We’ve been living in a bad dream since March 2020. I want to wake up. 
Posted on 5/17/21 at 8:48 am to Strannix
More inflationary policy on the front burner. Inflation is the hidden regressive tax, but those who get a little check up front don't know what's on its back side.
Posted on 5/17/21 at 8:57 am to Strannix
Is there anyway you can opt out of receiving the monthly payments?
Posted on 5/17/21 at 6:10 pm to Strannix
Biden should just give these families free housing and food and cut out the middleman
I heard there’s a nice development called Angola they could live in
I heard there’s a nice development called Angola they could live in
Posted on 5/17/21 at 6:47 pm to Strannix
This will help with the runaway inflation everyone is starting to see signs of coming.
We end up owing every year, so I'd rather they just keep the money and let me have the credit when I file my taxes, It looks like all I would get based on the calculator is the 2K child tax credit and not any increase.
We end up owing every year, so I'd rather they just keep the money and let me have the credit when I file my taxes, It looks like all I would get based on the calculator is the 2K child tax credit and not any increase.
This post was edited on 5/17/21 at 7:01 pm
Posted on 5/17/21 at 9:45 pm to Strannix
Why am I having to buy votes I don't want?
Posted on 5/18/21 at 1:28 pm to Strannix
I will buy all the Nike stock I can find. Them Jordans will be flying off the shelf.
Posted on 5/18/21 at 6:29 pm to Strannix
It's just money
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