dmallord
Humble Hobbit
- Joined
- Jun 15, 2020
- Posts
- 5,419
Thank you Mr. President. But let's wait until the final bill passes to send you a stampled thank you letter. Meanwhile...Then you shouldLOVE
the Big Beautiful Bill because it increases the child tax credit to $2500 for the next 3 years then makes it permanent at $2000.
Say; Thank You Mr. President.
kiplinger's notes
"Some of the main changes for the CTC under the House GOP proposal include:
- Increasing the full child tax credit amount to $2,500 per child through 2028.
- Setting the full credit amount to $2,000 for subsequent tax years.
- Applicants must have a Social Security number to qualify for the credit.
By the numbers, analysts expect that increasing the CTC to $2,500 per child would:
- Increase the credit by up to $800 for some middle- and higher-income families, meanwhile;
- Low-income beneficiaries would receive an average increase of the benefit equal to about $350, or half the amount compared to folks with higher incomes."
The effect of the change the House proposed might get the middle and higher income earners about $800 credit. The lower-income families have about $350. [The group needing the most benefit by this is the least benefited. Why?]
Is that $350 bucks worth crowing about, Harpy? Given the other things in the bill that increase other costs, will offset this?
