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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"House Votes To Boost Well-Off Kids, Cut Out Poor Kids"
House Votes To Boost Well-Off Kids, Cut Out Poor Kidsby Michael McAuliff at the Huffington Post
http://www.huffingtonpost.com/2014/07/25/child-tax-credit_n_5620014.html?utm_hp_ref=politics
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WASHINGTON -- The House of Representatives voted Friday to change a tax credit in a way that would add $115 billion to the deficit and hurt poorer parents while aiding the well-to-do.
By a vote of 237-173, mostly along party lines, the House decided to make permanent the child tax credit and expand it to families earning up to $205,000 a year. The credit, which is worth up to $1,000 for each child in a family, would also be indexed to rise with inflation, as would the eligibility thresholds.
But the new measure fails to extend the part of the credit that was passed in 2009 to help impoverished families and that currently allows parents with annual earnings as low as $3,000 to claim some of the break. That element expires in 2017. Without it, a family would have to earn at least $15,000 to qualify for the credit.
According to an analysis by the Center on Budget and Policy Priorities, that means a mom working full time at a minimum wage job would receive no help from the credit -- because she would be earning only $14,500. Indeed, that mom would lose $1,725 under the new bill, while a family of four earning $150,000 would gain $2,200, according to the center's analysis.
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Trillo
(9,154 posts)it is done. If the poorest can't have the credits, why should anyone have them?
TDale313
(7,820 posts)They never pass up an opportunity to try and make life harder for those already struggling. Assholes.
Jack Rabbit
(45,984 posts)That's why Republican congresscritters behave like artificial persons.
sakabatou
(42,174 posts)They fuck the poor and add to the debt.
sheshe2
(83,904 posts)Vote them the hell out of office!
Scuba
(53,475 posts)GoCubsGo
(32,093 posts)I strongly suspect it won't see the light of day in the Senate. Nor should it.
gratuitous
(82,849 posts)But holy smokes, are these maniacs heartless. You think any House Republicans will be asked about this vote when they break for their August recess? Fucking people over has to be exhausting, with all the recesses the House takes.
Baitball Blogger
(46,758 posts)who has the resources to make the most of the breaks they get.
This is a source of the inequality issue.
TeamPooka
(24,255 posts)applegrove
(118,778 posts)or will make them study hard. Or work like dogs. All things that are good for the GOP. Because the little people were put on this earth to be good economic entities for the rich.
rickyhall
(4,889 posts)it's not an oversight. They really do HATE the poor. It's too bad hell ain't real.
jmowreader
(50,562 posts)This is our Republican Party in a nutshell:
And it pisses me off that they do this, but watch what happens when you're trying to get money for disaster relief: We need OFFSETTING SPENDING CUTS! We can add $115 billion to the deficit to pay for a tax cut for people who don't really need it and that's just dandy, but ask for $115 to buy something the country can actually use..."that's coming out of the WIC budget, you know that?"
Aerows
(39,961 posts)Surely they can't be as bad as we are. I'm disgusted.
applegrove
(118,778 posts)is sending the equivalent of your IRS after charities that try to prevent poverty abroad. Apparently Oxfam Canada is only allowed to help people who are already poor, but preventing poverty programs crosses a line. There seems to be a sweet spot of desperation the GOP or the right wing are always trying to move non 1%ers towards.
Aerows
(39,961 posts)pro-poverty, and pro-misery. Except for themselves.