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GOP-Rich Kids Are Worth More Than Poor Kids
Last comment by shannalat 2 months, 1 week ago.

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Update, Friday July 25: On Friday, the House passed Rep. Lynn Jenkins' (R-Ks.) child tax credit legislation, which would expand the credit for upper-middle class American families. The bill received the support of 212 Republican and 25 Democrats.

On Friday, the House will vote on a Republican bill that ignores an expiring tax credit for millions of low-income families, while handing one to better-off Americans.

The bill, introduced by Rep. Lynn Jenkins (R-Ks.), changes the way the federal child tax credit works by raising the eligibility cap for married couples. At the same time, the legislation would allow a 2009 child tax credit increase for low-income families to expire at the end of 2017. Here's how that would play out in the coming years. A married couple with two children that bring in $160,000 a year would get a new annual tax cut of $2,200, according to an analysis by the left-leaning Center on Budget and Policy Priorities (CBPP). A single mother with two kids who makes $14,500 a year would lose $1,725 annually.

"The big winners would be the more-affluent families who would become newly eligible for the [child tax credit]," tax experts at the CBPP noted Tuesday. "The losers would be millions of low-income families who are doing exactly what policymakers often say they want these people to do—working, even at low-wage jobs."

The 2009 law that increased the child tax credit for poor families did so by lowering the income level required for a partial credit to $3,000 and reducing the annual income required for a full credit to $16,333. If it expires, 6 million children and roughly 400,000 veterans and military families would lose all or part of their child tax credit.

A spokesman for Jenkins explains that the reason the bill ends up extending the child tax credit to wealthier Americans is that it gets rid of the marriage penalty, which treats a married couple's total income differently than the sum of two separate incomes. The way the child tax credit is currently structured, a single person making up to $75,000 is eligible for a full credit. But for a married couple filing jointly, full credit eligibility cuts off at $110,000 instead of at $150,000, the couple's combined total income. Jenkins' bill moves the full credit cut-off to $150,000. (As income increases above these thresholds, the child tax credit phases out slowly. Under Jenkins' bill, for instance, a couple with two kids could still get the credit if they make up to $205,000.)

Jenkins' office adds that the reason that the legislation does not extend the low-income child tax credit increase is that this provision doesn't expire until the end of 2017, and future legislation can address it.

But a Democratic aide familiar with the bill says this justification is disingenuous, adding that if GOPers wanted to extend the low-income provision, they would. All 22 Republicans on the House ways and means committee voted for Jenkins' bill, while all 15 Dems on the committee voted against it. "[Republicans] can say whatever they want," the aide says. But "they are prioritizing making permanent [all the tax provisions] that they want to be permanent, and getting rid of everything else." For instance, Republicans are already pushing to extend another tax measure that expires at the end of 2017 that is designed to help parents and students pay for college expenses.

The Democratic staffer adds that if Jenkins' bill were to become law, and the low-income provision were left hanging on its own, it would be very difficult to "galvanize Congress into action" to pass a separate extension for the measure. "What carries it along is that it's bundled together," he says. Chuck Marr, one of the authors of the CBPP study, agrees that the most obvious way for the House to extend the low-income measure would be to include it in Jenkins' bill.

Even if the legislation passes the House, the bill—which would cost the government $115 billion over ten years—has little chance in the Democratic-controlled Senate.

http://www.motherjones.com/mojo/2014/07/republican-house-child-tax-credit-bill


Latest Activity: Jul 25, 2014 at 2:51 PM


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JimmyMack commented on Saturday, Jul 26, 2014 at 09:28 AM

@PN! Great Stuff! Where you been my friend? I been holding 'em off as best I could. They (all the Conservatives here) all want to draw and quarter the POTUS and are in a state of flux cuz all they can do is rage against the machine! Their HBP must be at record levels.

Glad you are back! :)

shannalat commented on Monday, Jul 28, 2014 at 14:27 PM

“To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical.”
― Thomas Jefferson

Reading this comment and any article concerning the tax code at all level of the United States government also makes me sad. The tax code on the federal level looks like a set of rules written in a meth induced haze by a group of lunatics. It is almost impossible to enforce and when it is enforced it is usually enforced to "get" someone on a technicality (see Al Capone) The code is usually never properly improved and when it is improved it is done to help one group and not the other (see this post) Now it is being done to help the married families, previously it was done to help the homeowners, and before that business owners.
A fair tax plan (because their is a need for taxes like it or not) has to start from the ground up with the way taxes are collected and spent.
what our politicians are arguing over is not reform, it is tweaking and changing and who should or shouldn't get benefits

JimmyMack commented on Tuesday, Jul 29, 2014 at 06:42 AM

Good luck with that. If I were you, I'd start small. Like say, voting a local incumbent off of city council or the County Commissioners. You wanna effect change?

Start locally.

HMJC commented on Tuesday, Jul 29, 2014 at 08:05 AM

I do not concur with making it harder for low income families however; I am not opposed to the middle class getting a break as they have financed pretty much of his low income initiatives. It is what it is and there will be contentious rhetoric on this topic.

shannalat commented on Tuesday, Jul 29, 2014 at 08:35 AM

see that is it right there. If I can get you to argue about who and howa much to tax then I can continue to tax and raise that tax and waste that tax and this is the system we have.
Also locally is the way to go. We can see on a much smaller level tax abuse waste and tyranny at the hands of short sighted leadership with no regard to the families they marginalize through their taxes.
Local change should happen. I just finished reading an article
http://coastalcourier.com/archives/68...
on the Coastal Couriers website concerning the SPLOST or the sales tax voted in by the public at the ballot box. This November the public will get the chance to vote for or against taxes and the article among other things (when you get the chance you should read this article)
points out that
"One thing that voters should keep in mind, however, is that if the SPLOST referendum fails to pass, property owners will almost certainly see an increase in tax rates"
So basically locally we can vote but we will be taxed pretty much no matter what we think or feel. That can't be right can it?
Jimmy is right locally we have to fix taxes and they way they are spent.

JimmyMack commented on Tuesday, Jul 29, 2014 at 09:28 AM

@Shannalat: I cannot ascertain your political base.

shannalat commented on Tuesday, Jul 29, 2014 at 10:22 AM

me either.
I find the democrats to be ineffective in the long term and the republicans to be at most times to effective.
I would be a libertarian, however I understand the need for a governing authority, and some of the rhetoric from the libertarian camp is just well nonsense

JimmyMack commented on Tuesday, Jul 29, 2014 at 11:17 AM

Well that explains your and Tot's relationship sans education on his part. Tot is an anti-liberal conservative libertarian that just wants to smoke pot.

Pardon my opinion, but I see your stance in the middle of a political wasteland. WE have a two party system with occasional weak attempts at third party runs for office. Bottom line you are either a Republican or a Democrat if you want to be elected to public office.

True, there are some self-righteous folks that 'vote the man not the party' and refer to themselves as Independents. They rarely get elected to anything but politically they are all over the map. They position themselves to claim victory no matter which party wins. How convenient.

Of course we Dems battle for these folks votes with the Republicans at every get go, but in the end, only one side wins. I am somewhat of an anomaly: A white boy Southern Liberal Democrat.

I retain intense dislike for the party of Karl Rove.

sebekm commented on Tuesday, Jul 29, 2014 at 20:26 PM

Good for you. The Democratic party remains the party of class warfare. In the context of today's current events, that - and the race card - is all they have going for them.

HMJC commented on Wednesday, Jul 30, 2014 at 08:07 AM

and the Race Card is a copout

JimmyMack commented on Wednesday, Jul 30, 2014 at 08:20 AM

Naw Fellas, You won't admit it, but yall are over playing the race card, and the last time I checked a Deck of cards contained 52 cards. Not ONE.

But hey, go for it. It will no doubt help yall with the Black vote.

shannalat commented on Wednesday, Jul 30, 2014 at 08:33 AM

I have seen the democrats use class warfare as a tactic. Race not so much.

The class warfare one is something I cannot get behind though. Should a man or a woman be punished for his or her success? Of course not. That being said should someones success give a man or a woman the right to harm the unsuccessful?
Of course not.
The problem with class warfare is that all of the rich are not the same and all of the poor are not the same.

sebekm commented on Wednesday, Jul 30, 2014 at 15:15 PM

You'll see a lot more class warfare in the months to come. Expect the Dems to pull out all the stops to change the subject from ObamaCare and the record of their candidates for the upcoming election. It's about all they have left....

JimmyMack commented on Thursday, Jul 31, 2014 at 08:33 AM

It would be preposterous and irresponsible to IGNORE the ever growing disparity between the have and the have nots in this country!!!

Republicans are BLIND but one of their missions is to impose HORSE BLINDERS on any and all voters. Except, of course, Honey Boo Boo's clan, Phil Robertson's think tank group of followers, and Prophetess Sarah Palin's crowd.

sebekm commented on Wednesday, Aug 06, 2014 at 13:57 PM

It's one thing to acknowledge differences in race and "class." It's another to make a living EXACERBATING the problems we face as a result of those differences.

That is the Democrats' stock in trade.

shannalat commented on Friday, Aug 08, 2014 at 15:03 PM

we are living with the largest income gap in the history of the United States. Now why is that?
and how do you fix that?
This is were the politics begin. At least I hope.
why.... lack of education and opportunity . Not a lack of resources.

how a proper education and better access for everyone regardless of class.
So why is a college education not offered like a elementary or high school education?
here is a great story in the Washington Post that outlines how the US could provide a free college education
http://www.washingtonpost.com/opinion...
Where is this debate at?


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