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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsManchin's $60,000 income threshold for Biden's expanded child tax credit could cause 37,400,000 kids
Last edited Tue Oct 19, 2021, 03:42 PM - Edit history (1)
to lose out on federal aidSen. Joe Manchin of West Virginia is reportedly seeking a $60,000 income cap for families to get the expanded child tax credit, a key element of President Joe Biden's domestic agenda up on the chopping block as negotiations over the scope of the spending bill drag on.
For over a month, the West Virginia Democrat has pressed for a work requirement and ensure only the lowest-income households can receive fresh government assistance. He's been the sole lawmaker in either chamber promoting the limits on benefits over the objection of most Democrats, who instead favor locking in the ability of nearly all families to tap up to $300 in monthly child tax credit payments even if they don't pay taxes.
But Manchin holds outsized sway in the 50-50 Senate, given Democrats can't spare any votes in their endeavor to turn Biden's economic plans into law in the face of united Republican opposition. Details are still sparse on Manchin's proposal, but experts are beginning to model how it could pan out.
A new analysis conducted by the Niskanen Center's Robert Orr and Samuel Hammond indicated 37.4 million children could lose out on federal aid if Democrats adopted Manchin's $60,000 income cap with sizable losses falling on non-working parents who are disabled, students, or grandparents. The estimate includes 189,000 kids in West Virginia, a 58% cut in Manchin's home state.
https://www.msn.com/en-us/money/markets/manchins-dollar60000-income-threshold-for-bidens-expanded-child-tax-credit-could-cause-374-million-kids-to-lose-out-on-federal-aid/ar-AAPHwnQ
I can't speak for West Virginia but $60,000 a year is below the median family income in the Seattle area where I live. I'm sure it's similar in most urban areas on both coasts.
NoMoreRepugs
(9,417 posts)colsohlibgal
(5,275 posts)Again, he and Sinema are walking advertisements for Public Funding Of Elections. Mansion is in Bed with the Coal Industry, Sinema with her rich industry benefactors.
NoMoreRepugs
(9,417 posts)LoisB
(7,203 posts)IbogaProject
(2,811 posts)All that bluster to get a savings over ten years of maybe just 10, 11 Billion, it won't even save a billion the first year. If we compare it to the economic growth for how that money would be spent and look at any social utility that it would provide families that isn't what would get us anywhere near the saving that spoiled senator who was already rich just by unearned inheritance.
Karma13612
(4,552 posts)Does he think this is the 50s or something??
Hubby and I lived on my not quite $50K a year income and we did NOT have a mortgage. And I couldnt save much for retirement during that time.
I cannot see how in heck a family of 3 (or more!) could live on $60K per year these days. And Joe Manchin expects them to pay for child care without help??
WTAF???? Is he that seriously out of touch?
Nope, dont bother to answer that. What was I thinking
..hes an obscenely rich elected official.
gratuitous
(82,849 posts)How many older Americans are taking care of their grandchildren because one or both of the young-uns parents are dead from, say, Covid-19? Sen. Manchin thinks those lazy geezers need to get jobs before he'll okay any assistance to them for taking care of their grandchildren.
Isn't that nice?
Deminpenn
(15,286 posts)nt
durablend
(7,460 posts)"Buncha lazy freeloaders!"
dsc
(52,160 posts)$60,000,000 median income.