US financial situation....

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RichardZ
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Re: US financial situation....

Post by RichardZ » July 15th, 2021, 10:38 am

I might have this right or what I caught coming in on a report on the radio this morning.

Families who earn up to $150,000 per year are now getting monthly payments totaling $3600 per child per year under the age 6 and under. Those over that age the families will get a monthly check to the total of $3000.

Single parents who are earning under $75,000 per year get the same.

Those who pay no income tax whatsover still get the $$.

Is this really necessary?
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Post by tmcats » July 15th, 2021, 10:40 am

this is how government becomes your mother. no, it's completely unnecessary.
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Post by RichardZ » July 16th, 2021, 7:37 am

So, I see another report which further explains the monthly payment. This is a substitute for waiting for a child tax credit when one files their income taxes. However, it is more money being delivered ($600/yr/child).

Frankly, it is hard to digest all the largess coming out of the Feds these days. Who gets this who gets that?
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Post by tmcats » July 16th, 2021, 12:25 pm

here's an example. a family of four is at our minnesota cottage this week. he's a construction operations manager. they live in a $400,000 home in arkansas. the two children go to private/catholic schools. they drive a $35k jeep and $50k ford pickup. checks will be waiting for them when they arrive back home. :|
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Post by WIldWIllieCat » July 16th, 2021, 1:40 pm

Reading "conservatives" decide someone shouldn't get to keep their own money because they're too rich and it's unnecessary is just....well, it's just stunning.
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Post by tmcats » July 16th, 2021, 1:53 pm

stunning, yes.
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Post by RichardZ » July 17th, 2021, 1:40 pm

Getting people off of government largess is going to be awful difficult. Once a program is started it stays.

One more step to reparations...wait and see.
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Post by WIldWIllieCat » July 17th, 2021, 1:41 pm

tax credits
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Post by tmcats » July 17th, 2021, 4:44 pm

payments are not credits.
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Post by xtrawildcat » July 17th, 2021, 4:51 pm

IMO, it is ridiculous. And they are payments. If they wanted to address child poverty they should have at least limited it to a family that makes less than $50,000 a year.
Not quite as bad as farmers and other small businesses with no employees getting Covid loans that have already been forgiven.
Last edited by xtrawildcat on July 18th, 2021, 1:00 pm, edited 1 time in total.
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