Time on the Republican hatred of the poor.
So the Republicans decided that the working poor, who pay little or no income taxes — families with incomes from $10,500 to $26,625--should not receive the expanded child tax credit. Almost 12 million children were effectively denied stipends of up to $400. This saved an estimated $3.5 billion, or 1% of the final bill.
At least the destitute, unemployed, and disenfranchised won't have to pay taxes on their stock dividends.
So the Republicans decided that the working poor, who pay little or no income taxes — families with incomes from $10,500 to $26,625--should not receive the expanded child tax credit. Almost 12 million children were effectively denied stipends of up to $400. This saved an estimated $3.5 billion, or 1% of the final bill.
At least the destitute, unemployed, and disenfranchised won't have to pay taxes on their stock dividends.
