A
Andy Meek
Guest
Part of me thinks the Democratic lawmakers in Congress, mostly progressives, who have begun pressing the Biden administration to authorize yet another round of stimulus checks -- a fourth wave of payments, following those that stemmed from the $1.9 trillion stimulus bill that Biden signed into law in early March -- didn't fully read the text of that previous legislation.
If they had, they would certainly have realized there are so many more economic benefits to be found in the legislation that will help American taxpayers beyond the simple, one-time $1,400 stimulus checks that got an outsized share of attention. For example, an expansion of the federal tax credit made possible by that legislation is going to give families $3,600 in new stimulus checks over the course of a year. Meantime, there are still other benefits that working families can receive from the stimulus law -- on top of the $1,400 stimulus checks, plus the $3,600 benefit that we just mentioned.
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Here’s another gift from Biden’s stimulus bill – an $8,000 tax credit originally appeared on BGR.com on Mon, 26 Apr 2021 at 13:43:13 EDT. Please see our terms for use of feeds.
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