Not everything it's all about !

It's additional government Hand out.

I know a financial advisor, who advised families about this CREDIT.

Evidently, you're not up on the Biden administration in Office now.lol

It's not new, but the amount, who can get it, and how it is handed out is new. It is an additional $1600 if you have a child under 6, if you have a child 6-16 you get an additional $1000. It used to be only people making $2500- $75k single or $150k joint qualified for it. Now if you make $0- $200k single or $400k joint you qualify for it. It was $1000 til a few years ago, then it went up to $2000, the new guide lines have only been passed for this year so far but may become permanent soon. They are sending out checks or doing direct deposit on a percentage each month for the rest of the year. But what people get in monthly payments will be subtracted from the total they get when they file their taxes. So some of this is new, but really it is just a change to an already existing policy.

Marc Rubio and Ivanka Trump led efforts to continue the child tax credit in 2018 and increasing it from $1k to 2k. It was reported The CTC is believed to have lifted about 3 million children out of poverty in 2016.

How this is a bad thing is beyond me.

The problem is the money does not go to the children, it goes to the parents of the children. The parents can use the money to buy a new iPhone (and they do) the parent can use the money to buy some crack rocks (and some do) the parent can use the money to buy a new outfit (and they do)

People who can not take care of themselves should not have children. People who can not afford to have children should not have children.

Poverty, poor, middle class all have different meanings for different people. $1000 difference between being in poverty and being poor probably isn't going to make a difference in any one's life.

Poor people (including those in poverty) are more likely to have children, and more likely to have more children. I do understand that children also bring your income status down because now you have many more expenses. I may be able to get by on $20k a year, however with a child or 3 it would be much, much harder to make ends meet. Unfortunately we can not spay and neuter people or force them to use birth control, so instead we punish their stupid mistakes by having them be poor. People who are born poor are very likely to be poor themselves in return they are more likely to have even more kids and the cycle builds while the rich and middle class are having fewer and fewer children.

Between paying for their k-12 education, the child tax credit, and whatever welfare or assistance or time in court or jail the government spends on them can easily be $300k+ by the time they are 18. And then maybe they can get a $15 hour job? That's $30k a year, somebody making $30k pays about $3k a year in taxes, if they work 50 years the government will have recovered roughly half of the $300k they spent on this person as a child in the $150k they collect in taxes. That however does not pay for anything else the government spends money on.

It's easy to take someone out of the ghetto.
It's hard to take the ghetto out of someone.

Here is something I came across on "public school review"
A school district where 40% of the students identified as low-income would need to spend $20k-$30k per student in order to achieve average test scores. In contrast a school district where 10% or fewer we're low-income would only need to spend between $5k and $10k per student per year. That is just to bring the majority of students up to the national average level of performance. The cost to bring students up to minimum standards or acheive higher then "proficient" would be much higher or even astronomical.

So my question is what is causing poor kids to be dumber? Is it their surroundings? Diet? Not learning at home? Or the gene pool of stupid and lazy people?

I’m not here to judge others and their situations. Merely wanted to correct
the OP that it’s not just for women, but families; it’s not to help joblessness,
you must file income taxes; it’s not a handout, it’s an early distribution of a
credit working people with children would be getting anyway at income tax time.

Additionally, any posters who have children, and filed taxes, most likely
received the CTC at some point.

If I was making 150K a year, I'd be saving 100K a year. And counting the days to retiring in 6-7 years.

If you're making anything close to that amount in a year, you're burning a lot of in worthless junk. There's lots of things I do not have and do not need.

I assume you are not paying taxes then? Maybe I should try that game? At $150k I'd pay $48k in income tax, after saving that $100k I would not even be able to pay my property tax much less food, utilities, insurance, and basic needs. I would agree that I could live off $20k a year, probably alot less if my house was paid for and I did very little driving. But we must face it that $100k isn't what it used to be. I remember not that long ago when people would say if they had a million dollars they could live off the interest, but with low interest rates combined with inflation I think it would be very hard to do without a very risky investment.

There are ways to pay less in taxes. I've been driving a $400 truck for the last three years. My tv is 20 years old. It's easy to find appliances that work for free. Cellphones become cheap when an android isn't a must have. Last time I went out to eat was three years ago.

I know how to stretch a buck farther than you know.

The government is there to serve the American people, not corporations and the billionaire class. no one on the right cries foul when their party gives out trillions in corporate welfare, but let that money go to feed the hungry and it's socialism?

If you hold a family making 50K/yr accountable to "pay their fair share" then why not the billionaire class?
Those on the right scream socialism if the poor among us receive a dime of help but have no problem with corporate welfare, shoveling TAXPAYER money by the truck load to the top 1%.
A person making 7.25/hr in America pays a higher tax rate than a person making in a single minute, more that the minimum wage worker does in a year.

the left doesn't use FACTS about who ACTUALLY pays what percentage of taxes.
Here are some of NASTY FACTS leftist hate and ignore.

From 2018 stats for taxes paid:

Data shows that the top 1 percent of earners (with incomes over $540,009) paid over 40 percent of all income taxes.

The top 10 percent of earners bore responsibility for over 71 percent of all income taxes paid and the top 25 percent paid 87 percent of all income taxes. Both of those figures represent an increased tax share compared to 2017.

On the other side of the income spectrum, the bottom 50 percent’s income tax burden has been significantly reduced over the past forty years. In 1980, it stood at 7 percent. That dropped to a low of 2.4 percent in 2010 during the recession. As the economy gradually improved after the recession, the tax share of this income group gradually increased to 3.1 percent in 2017. Although the economy remained strong in 2018, this group's tax share fell from the previous year from 3.1 percent to 2.94 percent.

A person making $7.25/hour who worked 40 hours a week for 52 weeks would have an income of $15080. The standard deduction in 2020 for a single person under 65 was $12400. That $7.25/hour person would have an AGI $2680 which puts them in a 10% tax bracket.........10% of $2680 ($260) NOT $15080. If that $7.25/hour person has a child they get a tax credit that results in getting MORE money in the form of a tax return than they owed.

Yeah those pesky facts destroy the TALKING point that a minimum wage earner pays a higher tax rate.......but if it makes you feel better regurgitate talking pints instead of doing your OWN research you should keep doing so. SMH

Well said John, and that did not even include property tax, sales tax, and other things they put back into the economy. I'm not a big JFK fan but when he said "ask not what your country can do for you, ask what you can do for your country" I somehow think of people with their hands reached out for handouts saying the country owes them these handouts. If a top 1%er buys a $3million yacht that money filters back thru the economy, on the other hand if someone buys their neighbors car for $500 that just lessens the blow of what his neighbor paid for it in the first place. If a 1%er builds a $10million summer cottage that money filters down thru the economy, when somebody pays the lot rent on their trailer house a little bit goes back into property tax, but hardly enough to maintain the roads much less pay for their 4 kids to go to school. I suppose most of these people think that looting and stealing is acceptable too, basically if you are using your EBT you are not paying for your groceries, you are just walking in and taking them, free school lunches? Why would somebody be bothered by making a peanut butter and jelly sandwich to send to school with their child? And it's not just about the 1%ers paying for this, it's about the hard working middle class that must not only burden their own share but also support the poor too.

So here it is 18 days later and not a single person who says that rich people don't "pay their fair share" or that a minimum wage earner "pays a higher tax rate" has responded to my FACT based post.

Why not? Could it possibly be that emotional statements presented as facts can't be defended by ACTUAL facts?

My suggestion to everyone is when you hear or read what ANYONE in the media, ANY politician, ANYONE claiming to be an "expert" and especially ANY person from academia gives you what is presented as "news" and/or "facts" do your OWN research to find the TRUTH. The truth is out there and it's not that hard to find with a little work. But if you're happy being a zealot who regurgitates what you've been fed I would suggest NOT seeking the truth because it might make you unhappy.

I am glad to see that families are a priority -but leaving single people with essentially a "get a job" is not the best option.
Direct stimulus was a great idea, but it really should not have been stimulus at all -rather, relief. That puts the focus on people -who need it -which would also better help the economy.
They gave it to people who did not need it -and not enough to people who do -and still do. Then they wondered why people were saving it.

Poor people spend money real quick -like to eat and stuff -have places to stay, etc.

Many people don't realize it, but you can be so poor that it's almost impossible to get a job!

https://www.huffingtonpost.ca/janelle-vandergrift/poverty-jobs_b_5529331.html

I got all the stimulus money and I thought it was STUPID because NOTHING changed in regards to my income. That money could have been used for people who ACTUALLY NEED help, people who ACTUALLY are NOT ABLE work and help themselves. If ANYONE is ABLE to help themselves, ABLE to work but REFUSE to work they DON'T NEED help.

Getting a job is ALWAYS the BEST option for EVERYONE, not just singles. No one achieves upward mobility in ANY society without a job. It used to be that there was shame in being on "welfare" and not working. Today many people take pride in "gaming" the system so they DON'T have to work which was going on before the pandemic. I don't blame people for not going back to work because of the extra federal unemployment benefits giving them more money than working. I blame the federal government for competing with employers by making it more advantageous for people not applying for JOBS.
July job reports were good.........how many of the jobs were created by states the didn't extend the federal supplemental unemployment payments????
It was just reported that there are more than 10 million jobs openings...if someone WANTS a job they can get one.

No matter how "poor" you are you can get a job. Too many people have escaped poverty by doing two things, going to school and getting a job. Many actual immigrants (not foreign nationals in the country illegally) have come to this country with next to nothing have prospered. And it's NOT just white immigrants, most Nigerian who immigrate do very well in school and go on to get degrees at a higher percentage rate than both white and black people born in this country. There is a difference in the family values, priorities and basic culture of Nigerian immigrants that has led to there advancements.

Didn't James Carville, when addressing Democrats, boldly say, "It's the economy, Stupid?"