depotoo
Diamond Member
- Sep 9, 2012
- 40,718
- 13,425
You made the claim. I have researched it, and find nothing. Searched it every which way I could think of. Why not just post it, instead of playing games.
Ok, I found it, and it isn’t being really honest. From Washington examiner-
The two Republicans had offered language to expand the bill’s $2,000 child tax credit to low-income families by making it refundable against payroll tax liability. The amendment failed 29-71, with 20 Republicans voting in favor.
It is still extended to them. They just don’t get to deduct above what they paid in payroll taxes.
The maximum value of a nonrefundable income tax credit is capped at a taxpayer's income tax liability. In contrast, taxpayers receive the full value of their refundable tax credits. The amount of a refundable tax credit that exceeds tax liability is refundedto taxpayers. Most tax credits are nonrefundable.
Ok, I found it, and it isn’t being really honest. From Washington examiner-
The two Republicans had offered language to expand the bill’s $2,000 child tax credit to low-income families by making it refundable against payroll tax liability. The amendment failed 29-71, with 20 Republicans voting in favor.
It is still extended to them. They just don’t get to deduct above what they paid in payroll taxes.
The maximum value of a nonrefundable income tax credit is capped at a taxpayer's income tax liability. In contrast, taxpayers receive the full value of their refundable tax credits. The amount of a refundable tax credit that exceeds tax liability is refundedto taxpayers. Most tax credits are nonrefundable.
I found the amendment. I think you have no understanding of it. He wanted an increase to $2000, which there is, but also wanted a cost of living increase, and for those making up to $500 grand a year and $250 grand a year, respective of marital status. With the doubling of the tax credit and the doubling of the standard deduction, which is phenomenal, the poor will greatly benefit. Where you got that the poor would not be helped, is beyond me.Hey look, the poor were left out of this tax bill FACT! The cheap bastard GOP wouldn't even extend to them the increase in the child tax credit they gave to everyone else, though some GOP senators lobbied for this.
I'm a fiscal conservative, I HATE liberals, but cutting everyone a break except the poor was retarded. We don't want the poor to remain poor HELLO for fucks sake.
Keep digging you will catch up to me eventually. Not everyone is eligible for that additional $1,000 child tax credit increase.
Last edited: