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Reply to "What’s going on with the two bills?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It looks like neither bill will survive.[/quote] Infrastructure would if they would unshackle it from that [b]bloated[/b] Build Back Better bill. Its already done the hard part of passing the Senate. The House is a rubber-stamp and they already have GOP support anyway.[/quote] What is bloated about it? It is $3.5T over 10 Years that is generally revenue neutral, so it is drop in the bucket compared to the unfunded 2017 tax cuts, which have ballooned our debt by $8T.[/quote] [b]Too much shackled to actual Infrastructure that no one wants. Including $1.8 Trillion that they haven't even explained what they want to do with. They've had 8 months, stop hanging us up. You cut these three things, its $2.6 trillion in expenditures gone, and a lean $900 billion 'Build Back Better' proposal which still tackles environmental concerns and clean energy. Which is INFRASTRUCTURE. [/b] $1.8 trillion for the Finance Committee. This part of the bill is for investments in working families, the elderly, and the environment. It includes a tax cut for Americans making less than $400,000 a year, lowering the price of prescription drugs, and ensuring the wealthy and large corporations pay their fair share of taxes. $726 billion for the Health, Labor, Education, and Pensions Committee. This addresses universal pre-K for 3- and 4-year-olds, childcare for working families, tuition-free community college, funding for historically black colleges and universities, and an expansion of the Pell Grant for higher education. $107 billion for the Judiciary Committee. These funds address establishing "lawful permanent status for qualified immigrants." [/quote] [b]Finally, some common sense. We're already paying $300 per child every month to every family making $400,000 and under in this country. NO MORE.[/b] [i]Late last week Biden held marathon meetings with nearly two dozen progressive and moderate lawmakers to get his agenda passed. He's now considering limits to tuition-free community college and universal childcare to cut down the massive, progressive-backed $3.5 trillion package in a bid to pacify moderates and spending hawks. The White House and Democratic leaders are weighing attaching or strengthening income caps to a number of key agenda items, according to two officials familiar with the discussions. [/i][/quote] Then they arent paying attention to the looming crisis with childcare and childcare facilities. People are flocking from childcare positions because they are underpaid and overworked. Rural communities are hit even harder. Tuition-free community college can be pulled back a little with emphasis put only on jobs that need a lot of workers - trade jobs, early education, nursing etc. Universal pre-K (3 and 4) is not something that should be given up. [/quote] Also if I see this blip one more time without someone addressing it I may just lose my mind. The 300/mo is moot. I[b]ts an advancement on a child tax credit that LITERALLY everyone who submits a tax return receives and has been going on for decades. [/b]If you have had children and they are under the age of 30 you have received this credit- maybe not the same amount but you received a credit just for having a child! The difference is that it increased from 2k in 2020 to 3600 for 2021 for kids under 6. Half of that credit (=1800) is being disbursed as 300/mo for 6 months to those who submitted their 2020 tax return. This can be opted out and if you do so, then you would file for the entire 3600 credit in your 2021 taxes. If you get the monthly disbursement then you will only be able to file for 1800 credit with your 2021 taxes. Kids aged 6-16 credit was 2k in 2020 and increased to 3k for 2021. Same logic applies. Half of that credit (=1600) is being disbursed as 250/mo for 6 months to those who submitted their 2020 tax return. This can be opted out and if you do so, then you would file for the entire 3000 credit in your 2021 taxes. If you get the monthly disbursement then you will only be able to file for 1500 credit with your 2021 taxes. [/quote] No, it is not. People who have never had and never will have jobs are getting child tax 'credits'. If you have 3 children and you haven't worked in 10 years you're still getting $10,800. If you have 4 children and you work 12 hours a week at Target you're still getting $14,400. If you have 5 children and your 'job' is watching one other kid off the books in the morning, you will still be getting $18,000. Most of them people would be getting NO REFUNDS or at most $1,000 back come tax time. They are being paid to not work. [/quote]
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