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Starry Messenger

(32,375 posts)
4. We work like hell.
Mon Oct 17, 2016, 07:21 PM
Oct 2016

I know no one cares what I post lol, but just in case--Hillary has been signalling an intent to work on issues like poverty and children.

Her new tax credit: http://www.npr.org/2016/10/11/497570475/new-clinton-child-tax-credit-could-help-low-income-parents-but-cost-200-billion

"Hillary Clinton on Tuesday rolled out a new tax break that, if enacted, would put more money into the pockets of working parents with very young children.

The Democratic presidential candidate said she would push for a doubling of the current $1,000 tax credit for children ages 4 and under. An estimated 15 million children would be eligible.

The new help would come in the form of a tax credit, which cuts the amount of federal taxes owed dollar for dollar. Translation: If you owe $3,000 in income taxes, but you have a new baby, your tax bill would fall to just $1,000.

Even people who earn too little to owe income taxes would get cash back from the U.S. Treasury. "It's just like the tax refund check that everyone else gets; it's dollars in your pocket," said Roberton Williams, a senior fellow at nonpartisan Urban-Brookings Tax Policy Center."

Recommendations

0 members have recommended this reply (displayed in chronological order):

I've never left them. LWolf Oct 2016 #1
Yeah but I'm wondering... SHRED Oct 2016 #2
Well, based LWolf Oct 2016 #5
I was treading lightly SHRED Oct 2016 #6
We can hope. LWolf Oct 2016 #8
And this from the article: guillaumeb Oct 2016 #3
We work like hell. Starry Messenger Oct 2016 #4
+10 SHRED Oct 2016 #7
This message was self-deleted by its author tralala Oct 2016 #9
Note to hosts: I blocked tralala. Starry Messenger Oct 2016 #10
Latest Discussions»Retired Forums»Socialist Progressives»After Clinton is elected....»Reply #4