Opinion | The Parable of the Child Tax Credit

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From WSJopinion: The child tax credit is a parable about good intentions, unintended consequences, and the insatiable entitlement state

Review & Outlook: Demonstrators in Shanghai call for President Xi Jinping to step down, as protests across the country reveal deep anger and frustration at three years of Zero-Covid and social control. Images: AFP/Getty Images/Reuters Composite: Mark KellyCongress is returning to Washington for a lame-duck session, and Democrats think they’ve found the perfect holiday gift for hard-to-shop-for American voters: Subsidies for children.

A core Democratic priority in Congress is resurrecting a $3,000 child tax credit for dependents ages six and up, with a $600 bonus for younger children. Congress passed such a larger credit for 2021, dressed up as pandemic relief, with half of the benefit payed in monthly checks. By some miracle the payments expired, but Democrats are eager to bring it back, if not this month then in the new Congress.

Source: Loan Digest (loandigest.net)

 

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opinion if the US government can afford to give millions of dollars in tax breaks to companies like disney and Apple then we can afford to give poor kids a fighting chance

opinion Yet when Wall Street firms get massive tax cuts itsxa good thing, helping poor families raise kids with decent food, adequate housing etc is a bad thing, nothing worse than cough, cough pro family conservatives/republicans with their nonsense double standards

opinion The most 'entitled' of the state is the wealthy, not the poor or average.

opinion It's also a parable about cutting the number of kids in poverty in half, and why that's a good thing. We should stop dumping good but imperfect policies and simply improve on them.

opinion After Sandy Hook the whole world saw Republican Americans don't give a rat's ass about America's children.

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