First, can we all agree that parents earning six figures should not get government support (i.e., money from other people, earning far less) to pay for their children? As it stands, someone I know has a husband earning $150,000 and six children, lives in a $1.5 million house, and she is getting $1600 a month to cover expenses for her kids.
Second, since the Dems keep saying how Biden’s expanded welfare has lifted xxx number of children out of poverty, why not limit the welfare to just those families?
Third, the payments should really be per family, not per child, since it encourages people who otherwise couldn’t afford a third or fourth child to go ahead.
My proposal, which is a COMPROMISE:
1) Go back to the limited “refund” where people got no more than $1400 MORE than they owed in tax back, rather than the entire amount. We have people getting $15,000 and $20,000 “refunded” - including welfare recipients already in subsidized housing, getting free health care, and food stamps.
2) Stop calling it a refundable tax credit (against federal income tax owed), since half the people getting it pay no taxes at all. We should call it GSFLF - Government Support for Low-Income Families.
3) It should be limited to those with household incomes of $50,000, regardless of number of children. Others are not low-income and can pay their fair share.