Monday, January 10, 2022

Child Tax Credit: Under Pressure Vis-à-Vis Federal Funding and Sen. Manchin Tactics

 

Many needy families still waiting 
(Including West Virginia, Sen. Manchin)

Two-part story update: First from Deseret news on the following post that follows with this story headline:

Monthly child tax credit payments have stopped. Will they be back?

Experts believe the future of the expanded child tax credit is hard to predict

The highlights from this update:

The monthly child tax credit payments millions of American parents may have gotten used to over the past six months won’t be landing in wallets this week. But since families can start filing their 2021 income tax returns, collecting the other half of the credit as a lump sum, the realization that the expanded child tax credit is dead may be delayed - at least for now.

As of this month, the tax credit has returned to its pre-2021 level: $2,000 per child, with a requirement parents or guardians earn a certain amount of income to claim it during tax-filing season.

As part of Congress’ effort to help American family finances during the COVID-19 pandemic, the child tax credit was temporarily made available even to families that don’t normally earn enough to qualify, with no work requirement. They just had to file a tax return. The amount was also increased to $3,600 a year for children under 6 and $3,000 for those 6 to 17. Unless they opted to receive a lump sum, families received monthly payments between July and December.

The Build Back Better plan proposed by President Biden would extend the expanded version of the child tax credit through at least 2022, with proponents hoping its popularity would make it permanent.

But that bill is stalled, with Democrats unable to use their slim single-party majority and particularly from Sen. Joe Manchin (D-WV) who objects to (1) the cost and (2) the lack of a work requirement.

That same sentiment has been echoed by some across the aisle, including Sen. Marco Rubio (R-FL) who has pushed for the larger credit, but who doesn’t believe families should receive the credit if they don’t make enough earned income.

While critics and champions of the expanded child tax credit debate its merits, they agree it’s hard to predict its future, both in terms of the form that credit might take and the impact on families.

For example: Sarah Halpern-Meekin, associate professor of human development and family studies at the University of Wisconsin-Madison says: I know about the CTC and families’ experience. The question now is a political one as opposed to a policy one. Clearly, there are internal deliberations in the Democratic Party, and especially with Joe Manchin. There’s not a lot of public movement right now.”

This full story continues at the above link and my earlier 2nd part of this same subject follows from here:

Once again, how do we spell hypocrite – simple: Grand Old Party (GOP for short), and especially those in Congress.

Here is another excellent example and report of that fact from NEWSWEEK with this headline:

Child Tax Credit Payouts Biggest in GOP States, Despite No Republicans Voted for the Bill

President Biden’s “expanded Child Tax Credit” has benefited Republican states and is even very popular among GOP voters and a brand new analysis underscores that despite the fact that the new law received zero GOP support in Congess zero as in none, nada, nil, not one single vote for approval.

Yet, those “no voters” go back home and brag as they did before when they voted “no” collectively to kill the ACA (Obama-care) with over 70 votes to kill it – now look how popular it is.

This child tax credit is similar and it also serves millions of needy constituents back in many GOP states and districts.

Especially needy are low-income families with working Moms who need help with childcare as they try to go back to work — that is to keep working with CTC to pay for childcare.

Reuters News, using data from the Treasury Department, found the top 10 states by average monthly payouts in August were: Utah, Idaho, South Dakota, Alaska, Nebraska, Wyoming, North Dakota, Iowa, Kansas, and Montana.

All of those 10 states voted for Trump in 2020, and all but Kansas are led by Republican governors.

Reuters also found that the policy has broad support among the public: 59% of all adults back it and that includes 41% who identified themselves Republicans.

In fact, the Child Tax Credit was far more popular among Republicans than Biden, who in the latest poll garnered only 11% job approval from self-identified conservatives.

And, it handedly helps needy WV families, too, Sen. Manchin - so pay attention.

However, this CTC benefit, that was part of the $1.9 trillion American Rescue Plan, didn't receive a single Republican vote. The legislation passed the House in a solid party line vote, but the DEM-run Senate used the reconciliation process to bypass the filibuster rule to pass it, and President Biden signed it into law in March.

The expanded CTC bumped the payout from $2,000 to $3,600 for each child aged 6 to 17, or $3,000 per child under 6 — that began being dispersed among eligible households in July.

The IRS sent out more than $15 billion in August in the second round of monthly payments for child tax credit. The payout went to families that include roughly 61 million eligible children.

The July payment was predominately used by households to pay for food, according to a Census Bureau Household Pulse Survey. The benefit was also largely used to pay for utilities and clothing.

Note: Some Republican lawmakers have touted the child tax credit and other aspects of the American Rescue Plan, such as restaurant relief and health funding, even though they rejected the legislation.

Biden mocked those promoting the bill they didn't support, holding up a list of names guilty of the behavior during a press conference, and saying: Some people have no shame. But I'm happy. I'm happy they know that it benefited their constituents. That's OK with me. But if you're going to try to take credit for what you've done, don't get in the way of what we still need to do.”

My 2 Cents: Biden words were never truer than those.

If DEMS never needed a talking point for 2022, then I suggest this one:GOP hypocrisy is disgusting.”

That ought to work just fine – then keep pouring it on.

Maybe the GOP public will finally wake up and see their Reps. and/or Senator for what they truly are, and that is a professional hypocrite only looking out for themselves and not the people back in their state and districts.

I say shame on the GOP for their blatant hypocrisy, but mostly shame on Sen. Joe Manchin (D-WV) for his arrogant stubborn stance on voting rights, CTC, and especially for being against progress for needy people of which I’m sure WV has thousands and thousands – all the while he rakes in special interest dough by the bundle.

Thanks for stopping by.


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