Page 43 - Robert Rector News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Marketing is everything in politics. It explains why a tax credit that benefits 90% of American families with kids — some of them with income higher than $400,000 — is marketed as an anti-poverty measure. But in politics, that marketing is often an illusion that hides the hard consequences of a preferred policy. With the latest COVID-19 relief package, Congress expanded the child tax credit, increasing the maximum amount a taxpayer could claim from $2,000 per child to $3,000 for those aged 6 to 17 and to $3,600 under age 6. The expanded part of the credit begins to decrease as incom...

We're at risk of repeating the mistakes of the past by increasing the number of single-parent families.

(The Center Square) – Americans with children will begin receiving checks from the Internal Revenue Service in a few weeks, but economists worry the payments could have long-term economic consequences. The Internal Revenue Service said the payments, which will be sent out beginning July 15, are estimated to go to 39 million households, affecting 88% of children in the country.  The payments come after changes to federal child tax credit rules included in the COVID relief bill passed by Congress earlier this year. Critics say the funds needed for this program will put an extra burden o...

(The Center Square) – Americans with children will begin receiving checks from the Internal Revenue Service in a few weeks, but economists worry the payments could have long-term economic consequences. The Internal Revenue Service said the payments, which will be sent out beginning July 15, are estimated to go to 39 million households, affecting 88% of children in the country.  The payments come after changes to federal child tax credit rules included in the COVID relief bill passed by Congress earlier this year. Critics say the funds needed for this program will put an extra burden o...

Marketing is everything in politics.