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Started By
Message
re: Manchin told Biden today the proposed child tax credit must be capped at 60k family income
Posted on 10/17/21 at 8:45 pm to CoachChappy
Posted on 10/17/21 at 8:45 pm to CoachChappy
Time you pay your fair share, brotha.
0
Posted on 10/17/21 at 8:48 pm to HailHailtoMichigan!
Think your number should be 75-80k household, phased out after with requirement for tax liability. If you don't have a tax liability, you almost certainly are receiving other benefits.
This post was edited on 10/17/21 at 8:49 pm
Posted on 10/17/21 at 9:36 pm to GoldenGuy
quote:
How much do you make per week if you work 8 hours a day and make $15/hr?
Gross earnings of $31,200/year assuming you have PTO built in or take no time off if you don’t have PTO. So basically the minimum wage the Dems want to set puts a dual income family over the limit. Brilliant right?
This post was edited on 10/17/21 at 9:37 pm
Posted on 10/18/21 at 5:16 am to HailHailtoMichigan!
quote:
manchin is dealing with reality.
Manchin is going to keep low end workers home by continuing to give them money, while penalizing workers who have improved their earning potential since high school. He is an old school Democrat. He will vote for a measure that keeps people out the workforce and on the government tit, while refusing to help the people who are trying to help themselves
This post was edited on 10/18/21 at 5:22 am
Posted on 10/18/21 at 5:46 am to tjv305
quote:
The minimum should be 60K The cap should be atleast 150K. With wages so high now having both parents working would put mosh couples over that amount .
I think this was manchin’s idea. Would make it available to single parents and the extremely poor. So saving a little bit of our tax dollars while Biden wants to blow it all.
Posted on 10/18/21 at 6:06 am to PUB
quote:
Just give everybody UBI of $5,000/ month and move on
Everybody
Do you have a large number of robots ready to replace all of the workers that will quit their jobs on Day One? If you think we have supply chain/logistics problems now then just wait.
Posted on 10/18/21 at 6:23 am to L1C4
quote:
It's not a tax credit when people that pay no taxes are getting it
Correct
Posted on 10/18/21 at 6:24 am to Chingon Ag
quote:
Do you have a large number of robots ready to replace all of the workers that will quit their jobs on Day One? If you think we have supply chain/logistics problems now then just wait.
The supply chain would crumble and inflation would be fast, everyone who quit would be hurting themselves in the long run, but many would still quit. $120,000 would b the poverty line within a couple of years. The only advantage of a move like this is inflating personal debt away for the people smart enough to take advantage.
Posted on 10/18/21 at 6:45 am to AUbagman
quote:
Think your number should be 75-80k household, phased out after with requirement for tax liability. If you don't have a tax liability, you almost certainly are receiving other benefits.
Im confused about this. The IRS site says you can receive child tax credit even if you dont pay taxes.
Who exactly can qualify? As an example, the "earned" income tax credit actually allows you to recoup your tax AND the taxes your employer puts in. And the IRS has this program listed with the child tax credit on their website.
Posted on 10/18/21 at 7:36 am to HailHailtoMichigan!
quote:
there already is a tax credit for families in the middle and lower classes.
this is a whole new one biden wants.
we don't have the money to pay for it.
manchin is dealing with reality.
Take all that foreign aid that we give countries that hate our guts. Cut taxes dramatically and keep the credits.
THAT'S reality, libbo.
Posted on 10/18/21 at 7:43 am to HailHailtoMichigan!
quote:Mush brain's twitter handlers say there is no cost - zero $.
we don't have the money to pay for it.
This post was edited on 10/18/21 at 8:04 am
Posted on 10/18/21 at 7:57 am to HailHailtoMichigan!
quote:
a firm work requirement
This is going to make some folks big mad.
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