117th United States Congress: Insurrection 2021

[Kirin]

Because it costs 1.9 trillion dollars for a single year.

Oh, I thought someone mentioned that it was separate from the Covid bill. That too now makes more sense.

[Moss]

In many ways it should pay for itself. People in poverty are basically non-participants in the economy and an active drain on GDP

https://www.apa.org/pi/families/pove...0al.%2C%202008).

But you know, socialism is the devil, can't have handouts, etc. Doesn't matter if the raising tide lifts all boats.

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[archibaldcrane]

House passes the American Recovery Act 220-211, 1 Dem against (Jared Golden, upstate Maine district 2 that Trump won by 7 points), 0 Republicans for. Heading to Biden's desk.

[Xno Kappa]

So I’m not getting any Biden bucks but the child tax credit should go up like a grand when I go file for taxes? Someone explain it to me like I’m five.

[Zealot]

Sweet, finally gonna file my taxes now.

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[Andalusian girls]

In many ways it should pay for itself. People in poverty are basically non-participants in the economy and an active drain on GDP

https://www.apa.org/pi/families/pove...0al.%2C%202008).

But you know, socialism is the devil, can't have handouts, etc. Doesn't matter if the raising tide lifts all boats.

ye in terms of return on investment poverty reduction measures (food stamps, housing the homeless, child tax credits, etc) are the most efficient things a government can do along with education spending.

[archibaldcrane]

So I’m not getting any Biden bucks but the child tax credit should go up like a grand when I go file for taxes? Someone explain it to me like I’m five.

If you're earning too much for the biden bucks you probably will miss the expanded CTC as well

But congrats on your nearly (or over?) 200k in income!

[archibaldcrane]

Er, wait, are you married or single?

[Xno Kappa]

Married with one child.

[archibaldcrane]

Married with one child.

.

[NynJa]

Married with one child.

ok but how many families in total?

[archibaldcrane]

I think your kid is under six so if your AGI is over 180k (and under 400k) you'll get the regular 2k at tax time. If it's under 180k (or, more precisely if it was under 180k in 2020) you'll get monthly payments starting in July through the end of the year totalling 50% of the CTC you are owed, and you'll get the rest when you file 2021 taxes.

[Day]

this dude household income is 200k and he's getting child tax credits the world is fuckin sick

[Day]

i dont think these are the children in poverty but what do i know

[Day]

ok but how many families in total?

lol!

[Roranora]

this dude household income is 200k and he's getting child tax credits the world is fuckin sick

our household income is like 62k but at least we can smoke weed

[Tyrath]

Jeff Bezos makes min wage worker's full year of salary in 12 seconds the world is fuckin sick

FTFY

[synistar]

Should note that a family of 4 in the SF Bay area are considered qualified for low income housing if their AGI was $110k.

Probably changed lower due to Covid though

[Xno Kappa]

ok but how many families in total?

Lmao

[Xno Kappa]

I think your kid is under six so if your AGI is over 180k (and under 400k) you'll get the regular 2k at tax time. If it's under 180k (or, more precisely if it was under 180k in 2020) you'll get monthly payments starting in July through the end of the year totalling 50% of the CTC you are owed, and you'll get the rest when you file 2021 taxes.

Thanks!