112500 News Today

Let me put up this and what she details. two and a half billion dollar grant to fund a guaranteed income to fund a pilot program. it starts in 2028. this would be $1200 a month to adults making $75,000 or less a year or heads of household with $112,500 or less. that would be $600 per month per child. she says "for too long we have -- we have the ability to make sure everybody has their basic needs like food, housing, and health care meant." how do you cant do that? >> a lot of that is not. healt...

Most parents will get direct deposits from the government. but some will see payments in checks or debit cards. the full credit is available to joint filers making up to $155,000 a year and heads of households earning $112,500 or a single filer earning $75,000. payments begin to phase out above that. >> this has the potential to reduce child poverty in the same way that the social security reduced poverty for the elderly. >> it is time for three questions in three minutes. lets bring in tammy lu...

$112,500 nor afor a family with single parent. above those levels it begins to phase out. this is an example of the real-world impact of the political battles in washington because this tax credit was part of that $1.9 trillion american rescue plan that got through congress in march. the debate in washington now is whether to make these enhanced tax credits permanent. that fight is still paying out. >> in other words, when do this sunset? >> otherwise they sunset at the end of the year. >> youre...

The money. >> were looking forward to just kind of having to be able to pay our property taxes and pay on the mortgage, get ahead on utilities. >> reporter: the tax credit is available for joint filers, earning up to $150,000 a year and heads of households making up to $112,500. in youngstown, ohio -- >> you like these in the front? >> yeah. >> reporter: mothers like 28-year-old said the pandemic forced her to choose between parenting or a paycheck. >> i have three children. 20 month old twins. ...

Youngstown community partnership. >> it takes more than just giving money. its jobs. its affordable housing. its education. its looking at some of the underlying causes of poverty. >> reporter: meanwhile, all working families can receive the full credit if they earn up to $150,000 per couple or $112,500 for single parent households. jake? >> adrian, thank you so much for that report. important stuff. the u.s. navy triggered an underwater explosion as powerful as a magnitude 3.9 earthquake. and...