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Congress announces major tax deal to expand child tax credit and revive breaks for businesses (www.nbcnews.com)

submitted 10 months ago by MicroWave to c/news

10 comments fedilink hide all child comments

The bipartisan agreement between the House and the Senate tackles priorities for both parties.

Senior lawmakers in Congress announced a bipartisan deal Tuesday to expand the child tax credit and provide a series of tax breaks for businesses.

The $78 billion tax agreement between House Ways and Means Chair Jason Smith, R-Mo., and Senate Finance Chair Ron Wyden, D-Ore., caps months of negotiating and pursuing common ground in the divided Congress.

...

The deal, details of which were reported earlier by NBC News, would enhance refundable child tax credits in an attempt to provide relief to families that are struggling financially and those with multiple children. It would also lift the tax credit's $1,600 refundable cap and adjust it for inflation.

The new child tax credit policy would benefit about 16 million kids in low-income families, according to an analysis by the liberal-leaning Center on Budget and Policy Priorities. “The expansion would meaningfully reduce child poverty,” CBPP wrote. “In the first year, the expansion would lift as many as 400,000 children above the poverty line. 3 million more children would be made less poor as their incomes rise closer to the poverty line.”

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[–] [email protected] 0 points 10 months ago* (last edited 10 months ago) (3 children)

If the Democrats don't have the balls to stand up to Republicans now do we really think they'll stand up for anything if Trump wins?

The way they're hanging Trump and Fascism over us like the Sword of Damocles really shows how little they intend to lift a finger to save average US citizens if Trump becomes President again. They're too busy cutting deals with the people who would kill us right now and too busy going "Well they had a majority, and that's how democracy works, and we can't really stop them from making laws that are clearly undemocratic and then using them against the citizenry. Our hands are tied!" They're really saying that if the country wants to vote to end democracy, that's okay with them. They don't want to interrupt democracy in action by getting in the way of ending democracy.

It's not like people like Chuck Schumer and Mitch McConnell are actually buddy-buddy or anything. Oh wait. /s

They are implicitly admitting that there are no guardrails and they do not plan on being a guardrail themselves if Trump returns to power. Otherwise, why would be so important to stop him "at the ballot box?"

They're admitting that if we wins, even illegitimately, that they will let Democracy fold. What a bunch of giant fucking pussies who are going to let a fascist stomp on the face of their constituents until they die. Why? Because we didn't vote hard enough. The national Democrats won't accept any responsibility for their lack of action leading up to fascism.

I mean, to this day, Hillary Clinton has not once apologized for elevating Donald Trump as a "pied piper" candidate as part of her campaign strategy. She damn well helped him along but blames us for her losing, despite her winning the popular vote.

Just expect more of that, politicians blaming you for fascism when it comes for you.

What a joke.

[–] zzzz -2 points 10 months ago

It's almost like there aren't two sides at all...

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