Goodbye 'godsend': Expiration of child tax credits hits home

[Person of Interest]

There is something satisfying knowing that West Virginians are facing the consequences of their votes.

https://www.yahoo.com/finance/news/goodbye-godsend-expiration-child-tax-051518642.html

[VarryOn]

1. Love it when peoples' choices bite 'em in the....nt

[budkin]

2. And Biden will be blamed

Because he will.

[vanlassie]

3. I'm not sure the poor people even understand

who sent them the money.

[Progressive Jones]

4. Some were probably told it's from George Soros and the an-tee-fas and commies. nt

[questionseverything]

5. Heart breaking

[madville]

6. They'll still get a child tax credit for 2022, just not monthly

Instead of it being sent as an advance in the form of monthly payments, the normal child tax credit will still be claimed on 2022 taxes. Very few understood this was simply an advance of the credit they would normally receive on their tax return, of course it was temporarily an increased amount for 2021.

If they had received the monthly payments throughout 2022, they would get no child tax credit lump sum on their 2022 tax return in 2023. It was sort of a ponzi scheme in a way, the fact it only covered 6 months of 2021 and was an increased amount for that year masked what would potentially be a time bomb of disappointment on their 2022 return amount because it had already been paid in advance through the monthly payments….

[questionseverything]

8. The regular child tax credit was a grand less and they had to have income

N/t

[Celerity]

12. +1

[Skittles]

7. acting lessons?

[spudspud]

9. Seriously. /nt

[Midnight Writer]

10. And are we capitalizing on this by running ads across the country blaming Republicans?

We should have media saturation in every State pointing out that Democrats tried to keep the payments and every single Republican in Congress was against it.

But I'm not expecting to actually see it done. We seem to think we are above the fray in political discourse.

[Person of Interest]

11. I seriously doubt the DNC has the intelligence and brovado to do this!!!

[Celerity]

13. But then they counter with one word. Manchin. Puts us immediately on the defensive, and having to

explain, and when you are explaining you are losing.

[Midnight Writer]

15. You can not win if you do not play.

[XanaDUer2]

14. I wonder if/how

The subjects voted.

Dems need to run ads in places like this.