Thursday, February 4, 2021

Here is if You're Going to Get a Third Stimulus Check-

 This is the latest on the 3rd check. 

The latest proposal Democrats are considering would send $1,400 payments to individuals earning $50,000 or less and $2,800 to married couples earning $100,000 or less.Which has not been publicly released yet and could still change.

This is on either 2019 or 2020 taxes. ( Probably 2019)

About 71 percent of Americans would get the full benefits and another 17 percent would get the partial benefit.

Under the Democratic plan that is taking shape, parents of children would receive an additional $1,400 per child. That means a family of four would receive $5,600.

Under the plan that is taking shape, parents of children would receive an additional $1,400 per child. That means a family of four would receive $5,600.

The potential hitch is the Internal Revenue Service typically sends out the payments, and the IRS will be in the middle of a busy tax filing season from mid-February through mid-April.  

I know several of you have not received the $600 yet. It should be to your mailbox soon....I am guessing. 

This comes as Sen. Mitt Romney (R-Utah) on Thursday will propose providing at least $3,000 per child to millions of American families. 

Romney’s proposal would provide $4,200 per year for every child up to the age of 6, as well as $3,000 per year for every child age 6 to 17.

Unlike Democrats’ plan, Romney’s Family Security Act would be paid for, in part, by eliminating Temporary Assistance for Needy Families, a welfare program, as well as other existing federal tax credits for children and working families. Many Democrats are likely to oppose this part of Romney’s plan.

Under Romney’s plan, the size of the benefit would also begin to diminish at above $200,000 in annual income for single tax filers, as well as $400,000 for joint filers.....Call me out of touch, but extending money-for-kids to families making $400,000 a year?

I am sure this will change. 

Will let you know later any changes or how the bill turns out. 

Again upset about receiving these checks, send yours to me. I will go to England on it. Who knows, I might not come back.


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