The following article, Report: Stimulus Checks May Soon Start Coming Monthly for Struggling Families, was first published on Flag And Cross.
If you and your family have been inundated with problems during this China-caused pandemic, the government may soon be sending money your way on a monthly basis – almost like universal basic income (UBI).
This move would probably pave the way for UBI in the future if Democrats continue to remain in control at the highest levels.
Anything to make people more dependent on government, right!?
Here’s what’s up, via Yahoo Finance:
To fight child poverty that has worsened during the current crisis, a proposal in Congress would temporarily increase the child tax credit in a way that would essentially provide families with another set of stimulus checks, beyond the third, $1,400 relief payments now in the works.
These checks would be more regular: paid out monthly, for up to $300 per child.
Parents would receive $250 per child ($300 for kids under 6) each month for six months. The other half of the credit would then be refundable next year, on parents’ 2021 tax returns.
The bill that the Democrats who run Congress hope to complete and put on Biden’s desk by mid-March not only increases the amount families would receive by up to $1,600 per child, but would also make the entire credit fully refundable — and include 17-year-olds.
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