“Stimulus Checks Forever” An Increasingly Popular Idea Among Liberals

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For many struggling Americans, the current third round of $1,400 coronavirus stimulus checks under President Joe Biden’s $1.9 trillion American Rescue Plan just isn’t enough.

But there was wonderful news for eligible parents earlier this week when the Biden administration announced that roughly forty million families will start receiving monthly cash payments on July 15 via the new child tax credits.

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Thanks to Biden’s legislation, the expanded child tax credits now make many families eligible to claim as much as $3,600 per year for a child under the age of six and up to $3,000 for children between ages six and seventeen. This means that for a family headed by a couple earning less than $150,000, or an individual making under $75,000, they are now eligible to tap into $250 or $300 payments each month.

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According to the White House, the tax credit’s reach will be expansive. Washington officials have estimated that households representing more than sixty-five million children—or nearly 90 percent of all U.S. children—will receive the payments via direct deposit, paper checks, or debit cards.

www.19fortyfive.com/2021/05/stimulus-checks-forever-this-idea-is-starting-to-get-some-serious-attention/

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