Manchin's $60,000 income threshold for Biden's expanded child tax credit could cause 37,400,000 kids

[Yo_Mama_Been_Loggin]

Last edited Tue Oct 19, 2021, 03:42 PM - Edit history (1)

to lose out on federal aid

Sen. Joe Manchin of West Virginia is reportedly seeking a $60,000 income cap for families to get the expanded child tax credit, a key element of President Joe Biden's domestic agenda up on the chopping block as negotiations over the scope of the spending bill drag on.

For over a month, the West Virginia Democrat has pressed for a work requirement and ensure only the lowest-income households can receive fresh government assistance. He's been the sole lawmaker in either chamber promoting the limits on benefits over the objection of most Democrats, who instead favor locking in the ability of nearly all families to tap up to $300 in monthly child tax credit payments even if they don't pay taxes.

But Manchin holds outsized sway in the 50-50 Senate, given Democrats can't spare any votes in their endeavor to turn Biden's economic plans into law in the face of united Republican opposition. Details are still sparse on Manchin's proposal, but experts are beginning to model how it could pan out.

A new analysis conducted by the Niskanen Center's Robert Orr and Samuel Hammond indicated 37.4 million children could lose out on federal aid if Democrats adopted Manchin's $60,000 income cap with sizable losses falling on non-working parents who are disabled, students, or grandparents. The estimate includes 189,000 kids in West Virginia, a 58% cut in Manchin's home state.

https://www.msn.com/en-us/money/markets/manchins-dollar60000-income-threshold-for-bidens-expanded-child-tax-credit-could-cause-374-million-kids-to-lose-out-on-federal-aid/ar-AAPHwnQ

I can't speak for West Virginia but $60,000 a year is below the median family income in the Seattle area where I live. I'm sure it's similar in most urban areas on both coasts.

[NoMoreRepugs]

1. Joe ManChin - for the people - just not sure which people.

[colsohlibgal]

2. It's The Coal People

Again, he and Sinema are walking advertisements for Public Funding Of Elections. Mansion is in Bed with the Coal Industry, Sinema with her rich industry benefactors.

[NoMoreRepugs]

8. ManChin is in the coal industry - it's where his considerable fortune comes from.

[LoisB]

5. He, Him and Himself (and maybe his corporate handlers)

[IbogaProject]

3. For not even much savings

All that bluster to get a savings over ten years of maybe just 10, 11 Billion, it won't even save a billion the first year. If we compare it to the economic growth for how that money would be spent and look at any social utility that it would provide families that isn't what would get us anywhere near the saving that spoiled senator who was already rich just by unearned inheritance.

[Karma13612]

4. Thats a pretty low threshold.

Does he think this is the 50’s or something??

Hubby and I lived on my “not quite $50K” a year income and we did NOT have a mortgage. And I couldn’t save much for retirement during that time.

I cannot see how in heck a family of 3 (or more!) could live on $60K per year these days. And Joe Manchin expects them to pay for child care without help??

WTAF???? Is he that seriously out of touch?

Nope, don’t bother to answer that. What was I thinking……..he’s an obscenely rich elected official.

[gratuitous]

6. Don't miss the cruelty of the work requirement

How many older Americans are taking care of their grandchildren because one or both of the young-uns parents are dead from, say, Covid-19? Sen. Manchin thinks those lazy geezers need to get jobs before he'll okay any assistance to them for taking care of their grandchildren.

Isn't that nice?

[Deminpenn]

7. As if raising kids isn't work...

nt

[durablend]

9. Manchin: "Why can't the kids work?"

"Buncha lazy freeloaders!"

[dsc]

10. I knew Seattle was expensive but damn

$60,000,000 median income.

[Yo_Mama_Been_Loggin]

11. Fixed