Supporters blandly describe their plan as “Child Tax Credit improvements for 2021.” It would replace today’s annual child tax credit, which tops out at $2,000, with more-generous “child allowances,” payable monthly. Those allowances are federal payments of $3,600 (or $300 a month) for each child under 6 and $3,000 ($250 a month) for older children. The current credit increases with income from work; the new one would provide the same large payments to all.
Dems' Stealth Plan to Enact Universal Basic Income
Universal basic income is about to arrive in America. Congressional Democrats’ $1.9 trillion stimulus bill provides for no-strings attached checks, limited only to parents of children under 18. This UBI for parents is billed as pandemic relief, but its real purpose is to put a stake in the heart of work-based welfare reform.
Supporters blandly describe their plan as “Child Tax Credit improvements for 2021.” It would replace today’s annual child tax credit, which tops out at $2,000, with more-generous “child allowances,” payable monthly. Those allowances are federal payments of $3,600 (or $300 a month) for each child under 6 and $3,000 ($250 a month) for older children. The current credit increases with income from work; the new one would provide the same large payments to all.
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Supporters blandly describe their plan as “Child Tax Credit improvements for 2021.” It would replace today’s annual child tax credit, which tops out at $2,000, with more-generous “child allowances,” payable monthly. Those allowances are federal payments of $3,600 (or $300 a month) for each child under 6 and $3,000 ($250 a month) for older children. The current credit increases with income from work; the new one would provide the same large payments to all.
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