(ReliableNews.org) – The Democratic Party has control of the House, Senate and White House; and as predicted, they are trying to shove radical policies down the throats of the American people. Their latest effort is an expansion of the Child Tax Credit. On the surface it seems like it would help families get ahead, but that’s not all it would do.
The Democrats are trying to pass a measure that would make the tax credit fully refundable for 2021. It also increases the annual credit from $2,000 to $3,000 for kids ages 6 to 17, and $3,600 for children under the age of 6. The Heritage Foundation, a conservative think tank, called it an expansion of welfare.
The Biden administration wants to dramatically expand the welfare state—starting with an increase in the refundable “child tax credit” (a program that provides extensive welfare cash grants to families who owe no taxes)
Sounds “compassionate,” right? Here's why it isn't:
— Heritage Foundation (@Heritage) February 9, 2021
While it is that, it does something else that many people have not thought about. The bill will spread the tax credit out over the year, but eliminate it at tax time. That means if a family, perhaps with parents who are 1099 contractors, use that tax credit to reduce their tax burden, they’ll be out of luck. Instead, they might see their tax bill increase by thousands of dollars. How are they supposed to pay that?
That’s not an issue Democrats have addressed yet.
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