Biden expected to include new child benefit in major new stimulus proposal

[riversedge]

This discussion thread was locked as off-topic by Omaha Steve (a host of the Latest Breaking News forum).

Source: Washington Post




President-elect intends to unveil the package Thursday, push for quick passage

Jan. 13, 2021 at 4:04 p.m. CST

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Biden officials are likely to include the expansion of an existing tax credit for children as part of a relief package that will also include $2,000 stimulus payments, unemployment benefits and other assistance for the ailing economy — as well as money to fight the coronavirus pandemic and increase vaccine distribution....................

Biden transition officials have not disclosed the overall price tag of the package, but it is expected to be more than $1 trillion.


While a final decision has not been made, Biden is expected to push for a proposal similar to his campaign pledge to provide $300 per month to American households for every child under 6, as well as $250 per month for every child between the ages of 6 and 17. That would amount to $3,600 per year for families with one young child and $3,000 per year for families with older children. Biden is also likely to seek to extend the existing child benefit to millions of poor families currently shut out of the program.

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U.S. ranks near bottom of advanced nations in child wellness, new report says

Democratic lawmakers will be able to advance stimulus legislation through the House and Senate without Republican votes. The incoming White House team is indicating it will pursue a bipartisan relief package first, while not ruling out approving the measure solely with Democratic support, through a budget process known as reconciliation.

Read more: https://www.washingtonpost.com/us-policy/2021/01/13/biden-stimulus-plan-childcare/#click=https://t.co/mQwafFHtIf

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[yaesu]

1. instead of piddling around trying to get a one time individual tax credit that may be the last one

for who knows how long they need to do a monthly one until the pandemic ends, say, for the next 6 month, would probably be less but makes more sense. Also, they need to stick with an official name for it, stimulus, tax credit, whatever. Lastest article said it would be a $1400 credit which is probably what it will end up do to us just getting the 600.

[LudwigPastorius]

2. Can we have the tax credit contingent on parents making their precious ones wear masks when...

they are dragging them through the grocery store?


Just sayin'...I have to dodge 5 or 6 of the little, maskless superspreaders every time I go shopping.

[Omaha Steve]

3. After a review by forum hosts....LOCKING

Speculative, hasn't happened yet.