Republicans keeping Americans poor by blocking policies that help average working Americans.
https://thehill.com/business/4198264-white-house-prepares-for-sharp-rise-in-poverty-rate/ The White House is preparing for a sharp rise in the U.S. poverty rate following the end of pandemic-era child tax credit (CTC) expansion.
President Biden and Democrats fought unsuccessfully last year to extend an expanded version of the CTC that started during the depths of the pandemic and temporarily lifted millions of children out of poverty.
The Census Bureau is set to release Tuesday its annual report on poverty, income, and health insurance. The new poverty data will be a hit for Biden, whose reelection campaign could hinge on how Americans feel about the economy.
The Council of Economic Advisers (CEA) said in a blog post Friday that it expects a “sharp rise” in the Supplemental Poverty Measure, which measures income and benefits plus government programs such as tax refunds and food stamps.
To “understand why this is likely to happen in 2022, it is crucial to remember what happened in 2021,” the CEA argued.
A Democratic-controlled Congress passed the beefed-up CTC in 2021, boosting the credit eligible parents could receive to $3,000 per child over the age of 6 and $3,600 per child under the age of 6.
The enhanced CTC alone lifted almost 3 million children out of poverty in 2021 and cut the child poverty rate by more than 40 percent in 2021, the CEA wrote.
The expansion expired in December 2021, and Democrats have not been able to strike a deal with Republicans to bring it back since.
Sen. Michael Bennet (D-Colo.), who has championed expanding the program, said that the census data will show that Congress should have not allowed the expanded credit to expire.
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“When we expanded the Child Tax Credit, we demonstrated that we don’t have to accept one of the highest childhood poverty rates in the industrialized world as a permanent feature of our democracy. Tomorrow’s data will show we never should have let it expire, and I’m committed to doing everything I can to restore it,” he told The Hill in a statement. The CEA argued Friday that the increase in poverty is likely to persist absent congressional action to restore the enhanced child tax credit. Zach Moller, director of the economic program at the center-left think tank Third Way, said Democrats will uphold this report as a good reason to continue the child tax credit expansion because it’s proof that government intervention is necessary. “The government can absolutely fight childhood poverty, it just costs money to do it,” he said. “Those policies that the Biden administration and the Congress were able to implement in the American Rescue Plan act were temporary, so the improvement in child poverty is temporary.” Cutting child poverty for the long term has been a goal for Biden since he took office. The expanded CTC was a centerpiece of Biden’s American Rescue Plan, the 2021 economic relief bill passed after Democrats took control of the White House and Congress. Biden and fellow Democrats are eager to tout the benefits of the president’s economic plan, dubbed “Bidenomics,” with the 2024 election roughly a year away. Republicans have blamed Biden for the surge in inflation that began shortly after he took office, though price growth sped up across the world in the wake of the pandemic. Biden, meanwhile, has recently stepped up attacks on former President Trump about the economy while hoping to highlight the rapid recovery and the historically strong job market of his own presidency.
Anonymous
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Biden and Democratic lawmakers have also touted trillions of dollars allocated for improving infrastructure, bringing down drug prices, expanding manufacturing and cracking down on tax evasion by the wealthy and corporations. But messaging about the economy hasn’t been easy for the Biden administration; Bidenomics is a major talking point for the administration on the campaign trail but has yet to really take off with Americans. A recent RealClearPolitics polling average shows just 38 percent of those surveyed approve of Biden’s handling of the economy, compared with 58.4 percent who disapprove. Moller argued that Biden’s focus on creating jobs, especially for low-income Americans, could bring him closer to his goal of cutting child poverty because of provisions in his top legislative achievements — the Inflation Reduction Act, the infrastructure bill, and the CHIPs and Science Act. “All that manufacturing is going to be incredibly helpful for folks with out there that don’t have a college degree. And so that is another way of trying to tackle childhood poverty, by making sure that parents have a good-paying job,” Moller said. In its blog post, the CEA noted that the Congressional Budget Office projected in 2021 that it would take until the end of 2025 for the jobless rate to fall under 4 percent. The unemployment rate was 3.8 percent as of August, not far from its 3.5 percent rate before the pandemic. Inflation is steadily improving, a success that the president touts often. But the CEA expects Tuesday’s census data to show inflation-adjusted income falling in 2022. The agency blamed “elevated pandemic inflation” and “factors such as the Russian invasion of Ukraine and avian bird flu” for the 2022 data, and the Biden administration will likely argue that the data is in the rear-view because of the improvements in inflation in 2023.
Anonymous
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Hunter Biden caused this
Anonymous
>>1214366 Democrat controlled hellholes is and always will be filled with overwhelming crime and poverty rates. I'd say not to vote for them but they never played by the rules in the first place so that makes soylibs doubly retarded for voting at all and voting for the wrong people
theonebrane-washedsheep fleecesitsself
theonebrane-washedsheep fleecesitsself Tue 12 Sep 2023 02:53:15 No. 1214387 Report >>1214385 if you make under 100k a yr and vote for Republicans, you are a brane-washed sheep.
Anonymous
>>1214387 And if I make over 100k?
Anonymous
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>>1214388 Then over 100,000 men thank you for sucking them off under a bridge last year
Anonymous
>trillions of dollars allocated Glad to know the Fed govt just has a magic wand it can wave to 'allocate' money without worrying about the consequences.
Anonymous
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>>1214392 Someone keeps buying the bonds they print. I wonder who it could be.
Anonymous
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>>1214387 >t. bought Bernie Sanders an additional summer home Anonymous
>>1214385 I see, so the solution to poverty is to vote for the people that essentially want to raise taxes on families with children. So much for being the party of family values.
Anonymous
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>>1214366 >thanks to Republicans yes those Republicans who shut down the economy with lockdowns, and who encouraged peaceful protests that destroyed small businesses, and who voted for an unrelenting stream of immigration from the third world.
Maybe we should just let in even more immigrants, after all they're a benefit right?
Anonymous
>>1214385 >Places where the most people live have the most problems! I have no idea when conservatives will stop parroting this talking point like they're saying something profound - especially when red states have the highest drug deaths and poverty per capita than Democrat controlled hellholes.
Anonymous
>>1214387 >t. voted for more immigrants and now complains that housing prices keep going up why don't you ask NYC Chicago and Massachusetts how it's working out?
>>1214414 >families a single mother is not a "family". Maybe if she didn't listen to feminism and actually kept a husband around she wouldn't need to steal my taxes.
Anonymous
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>>1214419 >states >mentions local problems why not compare red counties with blue counties?
btw even the mayor of NYC knows that Republicans are right about immigration
Anonymous
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>>1214423 >a single mother is not a "family". Maybe if she didn't listen to feminism and actually kept a husband around she wouldn't need to steal my taxes. This isn't even about welfare, it's literally just about tax relief for families raising children. You'd benefit from this too if you ever have children, but that's a big if.
Anonymous
Democrat spending, democrat lockdowns, and Democrats covering up the origins of Covid (which prevented us from holding China accountable for the lab leak), democrat tax increase, democrat mass migration, and democrat murdering the energy sector are the biggest factors driving this country into economic ruin. But when you’re the final refuge of the uniparty still trying to carry out the plan it’s obvious how all these failed policies are intentional.
Anonymous
Anonymous
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Tax the poor. Buying shit from Raytheon for the DoD is the only way they'll ever contribute to the economy in any real sense.
Anonymous
>>1214427 >democrat tax increase The tax increase was cause of a law Trump signed actually. It was just delayed to take effect until after he left office.
Anonymous
Anonymous
>>1214434 >Trump gives a tax cut >it expires Sucks. He would have renewed it but Democrats want to strangle the middle class and make everyone poor so they vote against their own economic interests. To bad Biden didn’t extend the cuts and straight up increased them.
Anonymous
Anonymous
>>1214437 >Democrats want to strangle the middle class You're thinking of republicans who destroy the economy and run up the debt every time they take office.
Anonymous
>>1214439 Democrat spending, democrat lockdowns, and Democrats covering up the origins of Covid (which prevented us from holding China accountable for the lab leak), democrat tax increase, democrat mass migration, and democrat murdering the energy sector are the biggest factors driving this country into economic ruin.
anon
Anonymous
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>>1214437 >dems should fix republican screw ups Different year, same story
Anonymous
>>1214446 >fix all our mistakes now, also you're responsible for what happened under Trump as well Lol
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>>1214448 I'M OUTRAGED!!1 SHE SHOULD APOLOGIZE!!11
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>please only ever vote Democrate Might as well not even have democracy.
Anonymous
>>1214437 >To bad Biden didn’t extend the cuts and straight up increased them. Yeah, sure, just need to end the cuts for businesses to pay for it.
>Republicans say no because fuck the poor, they need to pay for tax cuts for the rich somehow and tax hikes on the poor are the best way Welp.
Anonymous
>>1214437 >>1214527 Also, just to be abundantly clear about something. This wasn't a just a tax cut expiring. This was a tax increase. That was how Trump got the "tax cuts" through the fucking CBO. They were paid for through that delayed tax hike. People would pay less in the short term (while he was in office) only to pay more in the long term (when someone else would be holding the bag).
If it were just tax cuts expiring, it wouldn't have paid for anything.
That's how Republicans fucking operate. They pretend to help you while using the fake help to stab you in the back and distract from them actually helping the rich.
Anonymous
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>>1214450 You clearly missed it the first time. You’re welcome.
Anonymous
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>>1214454 Trump never made mistakes. Those are all Democrat policies.
Anonymous
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>>1214387 >brane-washed Ever the party of the educated.
Anonymous
>>1214553 >Many tax cut provisions, especially income tax cuts, will expire in 2025,[9] and starting in 2021 will increase over time; by 2027 this would affect an estimated 65% of the population and in that same year the law's provisions are set to be fully enacted,[10] but the corporate tax cuts are permanent. >For example, the CBO and JCT estimated that: >During 2019, income groups earning under $20,000 (about 23% of taxpayers) would contribute to deficit reduction (i.e. incur a cost), mainly by receiving fewer subsidies due to the repeal of the individual mandate of the Affordable Care Act. Other groups would contribute to deficit increases (i.e. receive a benefit), mainly due to tax cuts. >During 2021, 2023 and 2025, income groups earning under $40,000 (about 43% of taxpayers) would contribute to deficit reduction, while income groups above $40,000 would contribute to deficit increases. >During 2027, income groups earning under $75,000 (about 76% of taxpayers) would contribute to deficit reduction while income groups above $75,000 would contribute to deficit increases.[122][125] https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act Republicans are evil you dumb fuck.
Anonymous
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>>1214553 >>1214579 And for emphasis
>the corporate tax cuts are permanent. We're paying for a tax cut for corporations. That's how they got that shit through the CBO.
Anonymous
The only "radical" thing I want is walkable cities and destroying the car industry so we can return to railroads and some type of public transport. We do not need another goddamn traffic lane, we need everyone to go out more. We need investment into buildings not only that are useful but, hey, beautiful as well. No party will do this, so I'm not if there is w group I can support to do this. The greatest scam is traffic lane and toll booths.
Anonymous
>>1214582 I want walkable cities too.
But we simply cant have them.
Unless you like being culturally enriched.
Anonymous
>>1214583 "Simply can't have them" is doomer speak. If you're worried about some dipshit criminal in Chicago, then we need to Judge Dredd the shit out of cops, because those dipshit cops aren't doing shit. Exaggeration a side, I'm tired of seeing the exact same shitty house in a suburb or the same shitty sky scraper in, everything looking so separate.
Ideally, I would like some type of neighborhood that looks like something from "Family Matter"
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>>1214588 >then we need to Judge Dredd the shit out of cops Make them impartial, incorruptible, and required to know and follow the law, and also end the death penalty?
Anonymous
>>1214446 sounds like republicans are responsible for runaway inflation.
Anonymous
Anonymous
>>1214454 The DNC is to blame for everything Trump did in office, because if they hadn't fucked Bernie over Trump would have lost bigly.
Anonymous
>>1215202 If they hadn't fucked over Bernie, Bernie would still have lost bigly and you still get a Hillary v Trump matchup where dipshits vote in Trump for various reasons including Bernie or Bust.
Can we stop fucking pretending that Bernie had more support among Dem primary voters than Hillary? He fucking didn't, you dumbass motherfucker.
Also Bernie stole Hillary's campaign data before the DNC did jack shit to him. Cry me a fucking river about unfair elections.
Anonymous
>>1215239 >If they hadn't fucked over Bernie, Bernie would still have lost bigly and you still get a Hillary v Trump matchup where dipshits vote in Trump for various reasons including Bernie or Bust. Doubt, Bernie is one of the most popular senators among the general population and he constantly talks about policies that would materially improve the lives of most Americans.
Trump's victory in 2016 is largely credited to frustration over economic difficulties in the Rust Belt, and Hillary simply didn't make the right arguments to convince those people that she would implement policies to help them anymore than Trump.
>Also Bernie stole Hillary's campaign data before the DNC did jack shit to him. Hilldawgs make up the most retarded shit to defend the DNC's ruthless suppression of progressives.
Anonymous
>>1215239 >If they hadn't fucked over Bernie, Bernie would still have lost bigly and you still get a Hillary v Trump matchup where dipshits vote in Trump for various reasons including Bernie or Bust. Doubt, Bernie is one of the most popular senators among the general population and he constantly talks about policies that would materially improve the lives of most Americans.
Trump's victory in 2016 is largely credited to frustration over economic difficulties in the Rust Belt, and Hillary simply didn't make the right arguments to convince those people that she would implement policies to help them anymore than Trump, the dumb cunt was campaigning in Arizona while Trump was making tge rounds across the Rust Belt.
>Also Bernie stole Hillary's campaign data before the DNC did jack shit to him. Hilldawgs make up the most retarded shit to defend the DNC's ruthless suppression of progressives.
Anonymous
>>1215272 >Doubt, Bernie is one of the most popular senators among the general population and he constantly talks about policies that would materially improve the lives of most Americans. And Trump was one of the least popular politicians among the general population and never talks about helping people and he got the nomination twice and managed to win the general once despite his own party leadership being against him initially. You're a dumbfuck that doesn't know how politics works.
If the people Bernie is popular with were politically engaged then Bernie wouldn't have any problem beating Hillary and Republicans would never win elections. They aren't, he did, and they do.
>Hilldawgs make up the most retarded shit to defend the DNC's ruthless suppression of progressives. https://www.nbcnews.com/politics/2016-election/bernie-sanders-campaign-penalized-dnc-after-improperly-accessing-clinton-voter-n482341 And I preferred Bernie over Hillary politically, ya dumb cunt. Unlike you, I live in reality though.
Anonymous
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>>1215239 >Can we stop fucking pretending that Bernie had more support among Dem primary voters than Hillary? No one said he had more. But he had a significant amount. And they refused to back Hillary after the DNC rigging scandal. No refunds.
>>1215271 >to defend the DNC's ruthless suppression of progressives. Isn’t that hilarious? The DNC only suppresses progressives when they get any ideas about threatening their power structure or derailing the gravy train. Outside of that, progressives are willing useful idiots and the DNC is happy to use them as fodder. The DNC can direct most of them to do their bidding but if they ever back someone like Bernie they get instantly neutered.
>>1215333 >and managed to win the general once despite his own party leadership being against him initially. >a bunch of gravy train riding globalists leading the Republican Party tried to stop it Not surprised. What I was surprised to see as a Bernie voter back then was how the Republican base actually has enough of a spine to tell the career criminal politicians to fuck off and the weak, buck broken progressives took their own election rigging instance like a pussy and just submitted.
Anonymous
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>>1214366 >bring in millions of people from impoverished countries >OMG it's Republicans' fault that poverty is increasing! Import the third world, become the third world
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>>1214366 >Shit goes south >Blame the reps At least, they stopped blaming the war and the virus.