OMG someone talks sense. I'm sure the progs will call him a hater of the poor

[bendog]

Meeting Manchin in the middle on the Child Tax Credit

Lawmakers can thread the needle to provide better and more cost-effective targeting, baseline support with work incentives, and most importantly — a durable program that can survive either Democrat…

thehill.com

"The credit is poorly targeted, with married households who earn $400,000 a year still receiving $2,000 per child. Biden’s ill-advised tax pledge to hold harmless the 98 percent of households making under $400,000 should not prevent policymakers from striking a deal. Democrats should at least lower the CTC phase-out thresholds to $150,000 for single parents and $200,000 for couples. They could further offset costs by aligning with Republicans to permanently curtail the dependent exemption, which will reappear in 2025 when the Tax Cuts and Jobs Act of 2017 provisions expire."

I'm against this. Imo, no work - no credit. (Welfare yes, but as the link points out, the ETC was BIPARTISAN because it got people out of poverty by getting them to WORK)

"Another shortcoming of the CTC is that it has traditionally provided little or no support to those families most in need. Prior to this year, it had not been available to the millions of households with children but without earnings, (emphasis added) and only $1,400 of the full $2,000 per-child credit was available to households without federal income tax liability (which could, for example, include a single mother earning minimum wage). Congress can reach compromise by designing a CTC that replaces its refundability cap with a nearly universal monthly allowance — a portion fully available regardless of earnings — and an additional monetary incentive for labor force participation. This is important because, as evidenced by the Earned Income Tax Credit, rewarding work is a powerful tool that can support low-income families’ finances: Nearly half of the EITC’s poverty alleviation comes from drawing people into the workforce and encouraging workers to increase their hours, building not only their long-term earning potential but also immediate financial support to help their children escape poverty."

 

[1srelluc]

That's a whole lot of words to say get a fuckin' job and support your own spawn.

 

[Resnic]

You reward people who work, contribute and are responsible.

That's a very basic idea that is applied across the board. Whether you're a kid and you get an allowance and given special privileges for doing chores, homework, picking up after yourself and so on.

Adults that work, take care of themselves and pay their taxes should be rewarded as well. In the short term with ctc and later in life with social security so your life of working hard and being responsible pays off.

If you reward good behavior and reward responsible people you will find eventually you'll have a lot of people working for that reward. It rewards individuals and society as a whole benefits.

 

[DudleySmith]

But first DEmocrats and establishment Republicans need to flood the country with another 40 million criminal illegal aliens and faux 'refugees', so those jobs they 'incentivize' don't pay anything and in fact pay less.

 

[bendog]

That's a whole lot of words to say get a fuckin' job and support your own spawn.

I don't think that's true. The idea behind the ETC was that because people on welfare LOST benefits if they got jobs. So, along comes ETC. IF a person gets a job they get tax exemption, so they're better off financially despite losing welfare. PLUS at the time, we expanded support for child care.

The only point of the thread is that the progs have changed the purpose of ETC to reward work to just guarantying an outcome, or basic floor of the govt guaranteeing some level of money. The progs just don't accept the fact of life that if you pay people enough to survive and not work, they will not work.