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Minor Deity
Picture of Axtremus
posted 07 February 2021 09:23 AM
https://www.washingtonpost.com...fit-democrats-biden/

“Under the proposal, the Internal Revenue Service would provide $3,600 over the course of the year per child under the age of 6, as well as $3,000 per child of ages 6 to 17. The size of the benefit would diminish for Americans earning more than $75,000 per year, as well as for couples jointly earning more than $150,000 per year. The payments would be sent monthly beginning in July, a delay intended to give the IRS time to prepare for the massive new initiative.”

https://www.washingtonpost.com...ld-benefit-stimulus/

Mitt Romney proposes even larger amounts.

“Romney’s proposal would provide $4,200 per year for every child up to the age of 6, as well as $3,000 per year for every child age 6 to 17.”


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Posts: 12733 | Registered: 01 December 2006Reply With QuoteReport This Post
Has Achieved Nirvana
Picture of wtg
posted 07 February 2021 09:26 AMHide Post
Here are the non-paywall versions:

https://www.msn.com/en-us/news...ns-steam/ar-BB1dtdSs

https://www.msn.com/en-us/news...s-effort/ar-BB1dop2m


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When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

 
Posts: 38235 | Location: Somewhere in the middle | Registered: 19 January 2010Reply With QuoteReport This Post
"I've got morons on my team."

Mitt Romney
Minor Deity
Picture of Piano*Dad
posted 07 February 2021 10:07 AMHide Post
Shouldn't we couple this initiative with much better funding for family planning so that a greater fraction of those children are wanted?
 
Posts: 12760 | Location: Williamsburg, VA | Registered: 19 July 2005Reply With QuoteReport This Post
Minor Deity
Picture of Axtremus
posted 07 February 2021 11:12 AMHide Post
I am quite supportive of funding/improving sex ed., funding family planning services, increasing access to and lowering the cost for artificial contraceptives, etc. But not sure how that fits in a pandemic economic relief bill.

Romney’s two-page brochure for his proposed “Family Security Act”:
https://www.romney.senate.gov/...0act_one%20pager.pdf

Ross Douthat argues for Romney’s plan:
https://www.nytimes.com/2021/0...ney-family-plan.html


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www.PianoRecital.org -- my piano recordings -- China Tune album

 
Posts: 12733 | Registered: 01 December 2006Reply With QuoteReport This Post
czarina
Has Achieved Nirvana
Picture of piqué
posted 07 February 2021 12:23 PMHide Post
I'm not getting why this is appropriate. Lots of different demographics have needs, not just families with young children. Plus a couple making over 100k a year does not need this. What am I missing?


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fear is the thief of dreams

 
Posts: 21540 | Registered: 18 May 2005Reply With QuoteReport This Post
Minor Deity
Picture of Axtremus
posted 07 February 2021 01:34 PMHide Post
quote:
Originally posted by piqué:
I'm not getting why this is appropriate. Lots of different demographics have needs, not just families with young children. Plus a couple making over 100k a year does not need this. What am I missing?
Almost every one has needs. These proposals prioritize “young children” over adults.

As part of the COVID-19 relief plan, most adults will still get their $1400 per head anyway.

Beyond that, cash for every one (including adults) can go with another bill/program, e.g., “universal basic income” championed by Andrew Young. That can be debated after the pandemic is under control.


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www.PianoRecital.org -- my piano recordings -- China Tune album

 
Posts: 12733 | Registered: 01 December 2006Reply With QuoteReport This Post
(self-titled) semi-posting lurker
Minor Deity
Picture of ShiroKuro
posted 07 February 2021 01:59 PMHide Post
Also, isn't part of the prioritization of families with children based on the idea that those with children, esp. young children, are having a much harder time during pandemic restrictions? For example, because of the difficulty of trying to do child care at home *and* work from home?


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Posts: 18861 | Location: not in Japan any more | Registered: 20 April 2005Reply With QuoteReport This Post
"I've got morons on my team."

Mitt Romney
Minor Deity
Picture of Piano*Dad
posted 07 February 2021 04:47 PMHide Post
I thought the child support program was meant to be permanent, not a temporary COVID stopgap. If so, it can't be bundled into reconciliation.

I think we DO need more generous tax support for families with children as an anti-poverty measure. The fraction of children living in poverty is astonishing and this is an administratively easy way to pull millions of children above the poverty line.
 
Posts: 12760 | Location: Williamsburg, VA | Registered: 19 July 2005Reply With QuoteReport This Post
(self-titled) semi-posting lurker
Minor Deity
Picture of ShiroKuro
posted 07 February 2021 07:07 PMHide Post
quote:
I thought the child support program was meant to be permanent, not a temporary COVID stopgap.


If so, all the better!


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Posts: 18861 | Location: not in Japan any more | Registered: 20 April 2005Reply With QuoteReport This Post
Has Achieved Nirvana
Picture of Daniel
posted 08 February 2021 06:59 PMHide Post
quote:
Originally posted by ShiroKuro:
Also, isn't part of the prioritization of families with children based on the idea that those with children, esp. young children, are having a much harder time during pandemic restrictions? For example, because of the difficulty of trying to do child care at home *and* work from home?


More mouths to feed is my take.

Off to Google to read the latest stimulus news.

BTW, take a look at what Europe has done with these kinds of programs. You'll be surprised (or not).
 
Posts: 25327 | Registered: 31 March 2007Reply With QuoteReport This Post
Minor Deity
Picture of Axtremus
posted 09 February 2021 04:59 PMHide Post
More details ...

https://www.cnbc.com/2021/02/0...in-covid-relief.html

The estimated cost to giving $3000 per child is $120 Billion per year (much lower than what I previously estimated), and if that is made “permanent,” is expected to lift 4.1 million children out of poverty.


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www.PianoRecital.org -- my piano recordings -- China Tune album

 
Posts: 12733 | Registered: 01 December 2006Reply With QuoteReport This Post
Has Achieved Nirvana
Picture of jon-nyc
posted 09 February 2021 05:21 PMHide Post
quote:
Originally posted by Axtremus:
The estimated cost to giving $3000 per child is $120 Billion per year (much lower than what I previously estimated),..


Me too. It's because it includes the already existing 2k child tax credit.

This adds 1k, and makes it refundable and 'advanceable'.


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If you think looting is bad wait until I tell you about civil forfeiture.

 
Posts: 33811 | Location: On the Hudson | Registered: 20 April 2005Reply With QuoteReport This Post
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