From WSJopinion: Democrats are expanding the child tax credit into a costly guaranteed basic income that will reach well into the middle class, writes The Editorial Board
The history of government entitlements is that they inevitably expand, often into something far different than how they began. There’s no better example than the “child tax credit” that Democrats are now expanding into a costly guaranteed basic income for families with children. This is an enormous change in social policy and the role of government, and it’s moving through Congress with no scrutiny.
In March as part of their Covid relief bill, Democrats expanded the credit for 2021 to $3,600 for children under age six and $3,000 for older dependents. That’s up from the $2,000 Republicans offered as part of tax reform in 2017, which was an increase from $1,000.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Joe Biden stayed in same hotel as Brazil lawmaker who tested positive for COVIDBrazil's health minister, Marcelo Queiroga, tested positive for COVID-19. Queiroga stayed at the same hotel in New York City as President Joe Biden and shook hands with British Prime Minister Boris Johnson, who met with Biden later that day. Read more:
Read more »
Opinion | The Government Family PlanFrom WSJopinion: Federal paid leave takes over private benefits and subsidizes the affluent. Americans will pay for this entitlement for decades.
Read more »
The Street Style Crowd Gave Us Fresh Ideas for Styling a Button-Down on Day 4 of London Fashion WeekButton-down basics made fun.
Read more »
Beyond Butter: 7 Popcorn Flavors to Upgrade Your SnackingThese seven inventive twists on microwave popcorn go far beyond basic butter.
Read more »
Opinion | Tax Me, I’m From New JerseyFrom WSJopinion: Rolling back the cap on the federal SALT deduction would be a tax break for the rich. Make me and people like me—those who choose to live in high-tax states—pay our full, fair share of federal taxes, writes wjmcgurn.
Read more »