$3000 per child economic stimulus
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https://www.washingtonpost.com/us-policy/2021/02/07/child-benefit-democrats-biden/
“Under the proposal, the Internal Revenue Service would provide $3,600 over the course of the year per child under the age of 6, as well as $3,000 per child of ages 6 to 17. The size of the benefit would diminish for Americans earning more than $75,000 per year, as well as for couples jointly earning more than $150,000 per year. The payments would be sent monthly beginning in July, a delay intended to give the IRS time to prepare for the massive new initiative.”
https://www.washingtonpost.com/us-policy/2021/02/04/romney-child-benefit-stimulus/
Mitt Romney proposes even larger amounts.
“Romney’s proposal would provide $4,200 per year for every child up to the age of 6, as well as $3,000 per year for every child age 6 to 17.”
But Romney’s plan also includes an elimination of some other welfare program and a cut to food stamp benefits.
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Maybe they're setting a high amount so as to allow themselves to "compromise" at a lower amount?
I'm with George on this. What will the bill-due look like?
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In fact this program would cost "only" 200B a year or so. Compare that to three separate trillion dollar+ bailouts last year.
Considering that even pre-covid, federal spending was ~4T, this is only 5% of that.
And it's probably a better use of funds than many other similar expenses in the budget.
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That it has merit in terms of effect on people is clear. But its borrowed money. Money we don’t have. If you can cut out other programs to find it then maybe.
“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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https://www.nytimes.com/2021/02/06/opinion/sunday/mitt-romney-family-plan.html
Ross Douthat on Romney’s plan, focusing on its objective to boost birth rates.
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https://www.nytimes.com/2021/02/06/opinion/sunday/mitt-romney-family-plan.html
Ross Douthat on Romney’s plan, focusing on its objective to boost birth rates.
@axtremus said in $3000 per child economic stimulus:
its objective to boost birth rates
Another generation of "Welfare Mamas."
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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That it has merit in terms of effect on people is clear. But its borrowed money. Money we don’t have. If you can cut out other programs to find it then maybe.
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@axtremus said in $3000 per child economic stimulus:
its objective to boost birth rates
Another generation of "Welfare Mamas."
@george-k said in $3000 per child economic stimulus:
@axtremus said in $3000 per child economic stimulus:
its objective to boost birth rates
Another generation of "Welfare Mamas."
Planned Parenthood is going to demand inclusion and equity.
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@axtremus said in $3000 per child economic stimulus:
its objective to boost birth rates
Another generation of "Welfare Mamas."
@george-k said in $3000 per child economic stimulus:
Another generation of "Welfare Mamas."
When the high income folks don’t reproduce (or do so at a pace significantly below the population replacement rate) and leave the burden of population replenishment to the lower income folks, it’s only fair that some of the resources get redistributed to help with raising the replacement population under the care of the lower income folks. With that rationale, I would argue that the means testing for such welfare to also take the # of children as an input. So the more kids you raise, meaning the more you contribute to the care for the nation’s replacement population, the more wealth gets redistributed your way.
What’s in it for the high income folks? New blood to continue paying into their Social Security and Medicare trust funds, able bodies to care for them in healthcare facilities, to maintain their senior living infrastructures, to maintain civilization for these old rich people to live out the rest of their lives.
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Romney’s two-page brochure for his proposed “Family Security Act”:
https://www.romney.senate.gov/sites/default/files/2021-02/family security act_one pager.pdf -
Falling birth rates are a problem in developed countries. The only reason the US population is not decreasing is because of immigration.
Look at the issues countries like Japan and Italy are facing.
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Romney's plan is such a bad idea on so many frigging levels. I am embarrassed to say I voted for him if this is his idea of good policy.
The Democrat idea isn't as atrocious if it's a one year expansion of last year's child tax credit. Still don't care for it, but it's not as big of a deal as it looks. If it's a permanent change, however...
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Falling birth rates are a problem in developed countries. The only reason the US population is not decreasing is because of immigration.
Look at the issues countries like Japan and Italy are facing.
@taiwan_girl said in $3000 per child economic stimulus:
Falling birth rates are a problem in developed countries. The only reason the US population is not decreasing is because of immigration.
Look at the issues countries like Japan and Italy are facing.
Bingo.
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More details ...
https://www.cnbc.com/2021/02/09/democrats-include-3000-dollar-child-tax-credit-in-covid-relief.html
The estimated cost to giving $3000 per child is $120 Billion per year (much lower than what I previously estimated), and if that is made “permanent,” is expected to lift 4.1 million children out of poverty.
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More details ...
https://www.cnbc.com/2021/02/09/democrats-include-3000-dollar-child-tax-credit-in-covid-relief.html
The estimated cost to giving $3000 per child is $120 Billion per year (much lower than what I previously estimated), and if that is made “permanent,” is expected to lift 4.1 million children out of poverty.
