re: Biden to send child tax credits to 39 million families

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Imagine many of these folks horror when their returns are much lower in January/February... They will be screaming to high heaven about their return being cut...

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My prediction is this will be an extremely popular program. Which makes sense as this is originally a republican idea being implemented by the democrats. The last big republican idea implemented by a democratic president is likewise very popular today.

From a pure policy perspective I certainly believe a direct subsidy is more effective to achieving the policy goals of this federal expenditure than a child tax credit. Alternatively, I’d entertain eliminating this expenditure entirely but there isnt a political party interested in cutting spending. So as long as our federal budget contains mountains of corporate welfare I’m happy to see individual families get thrown a bone here.

It’s also weird to me to see so many people proudly stating they will opt out. Since when has this board been in favor of giving the government interest free loans?