I know we have a lot of yuk yuks here but the us welfare state is awful and the CTC gave a shred of dignity to millions of people and it will be snatched away. I’ve said a million times means testing is bad, but I’d be fine with taxing it back/phasing it out over $150K or whatever the number is. The federal free lunch program and the CTC should be made permanent. Child poverty does not have to be a thing in the US, it is a choice.
https://www.washingtonpost.com/dc-md-va/2021/12/22/child-tax-credit-end-manchin/
What are your thoughts on the Romney child allowance plan?
It would have been perfect if he could have paid for it without eliminating food stamps. Or if eliminating food stamps needed to happen, threshold needed to be reduced from $400,000 for a joint filing family to dunno $250,000 and families who would have qualified for food stamps would get a bigger chunk. There are a lot of places in this country where you can't feed a damn teenager with $250 a month. Also it's silly that younger children, in all of these plans, get a higher allotment, that makes no sense.
I would have no problem with lowering the maximum incomes and when the phase out begins.
However, Romney's plan doesn't eliminate food stamps. It changes some eligibility requirements which results in a reduction of around $3 billion dollars. We spent nearly $80 billion on food stamps in 2020.
I agree that it would be better if the amount of the credit was the same for kids of all ages. The thinking in the plans is that families have to pay for day care for these kids, so they need more. Also, in the Romney plan, the Child and Dependent Care credit is eliminated, so this may be one way to compensate for that.
