77 F
College Station
Tuesday, June 22, 2021

In The Last Year, Congress Sent A Typical Family $27,000 To $110,000 In Cash

Local News

College Station Bans Traditional Pet Shops

At Thursday's meeting, the College Station city council passed an ordinance that prohibits the sale of non-rescue dogs and cats in pet...

College Station to Vote on ROO in Special Meeting Today

The College Station City Council meets Monday at 4 p.m. at city hall to consider a Restricted Occupancy Overlay (ROO). The ordinance would allow single-family...

College Station Plans on Borrowing Additional $62 Million Without Taxpayer Vote

The College Station City Council voted to begin the process of issuing $62 million in certificates of obligations for capital projects. The...

Brazos Valley Hospitalizations Continue to Decline After Mask Order Rescinded

Texas Governor Greg Abbott issued Executive Order GA-34 on March 2, 2021, and the order went into effect on March 10, 2021....

Between April 2020 and September 2021, Congress will have sent a typical American family of four at least $26,600 and possibly up to $109,048 in cash “COVID relief,” according to a new House GOP analysis. The analysis concludes the following:

— The average family of four with both parents out of work will receive $109,048 or more in government COVID stimulus checks, child tax subsidies, and unemployment checks through September of this year.

— The same family with one parent unemployed will receive $67,824.

— Even a family of four making twice the national median income with NO LOSS of INCOME during COVID received $26,600 from the government.

NOTE: Actual cash payments may be considerably higher. This analysis excludes rental assistance, paychecks funded by PPP, expanded ACA/Cobra health subsidies, student assistance, and other COVID cash assistance.

The total varies by whether government lockdowns knocked one or both parents in a family out of a job. But even a family with full continued employment in the past year with two kids younger than age 6 will have gotten nearly $27,000 in money Congress will have to ultimately take from their kids because it funded none of its COVID extravagance. That’s half the median U.S. household income, amounting to an extraordinary income infusion.

Here’s a chart displaying the numbers for an American family of four with an income of less than $125,000 and two children younger than age 6 (the federal child tax credit is slightly less for children older than 6). Four in five American families earn $125,000 or less each year and average two children each, meaning the numbers in this chart apply to the majority of American families.

This family also uses the federal tax credit that pays for placing children in nonparent care (the yellow area). In one of the three “stimulus” bills factored into these calculations, ARPA, that childcare credit was made refundable and the total reimbursed doubled, resulting in essentially a federal payment to those who spend a lot on nonparent childcare. This expansion was technically temporary, but like many of the welfare outlays “temporarily

Continue reading on thefederalist

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

State News

Abbott Exercises His Veto Powers

Sunday marked the last day that Texas Gov. Greg Abbott could consider bills passed by the state Legislature during the regular 87th Legislative Session....

Texas Home School Coalition Reflects on the Session

During this legislative session, legislators heard from citizens and delivered two key homeschooling reforms: allowing equal access to the school resources that families pay...

Texans to Vote on Constitutional Amendments

As they do each odd-numbered year, Texas voters will decide whether to amend the state constitution in a variety of ways proposed by the...

Abbott Signs & Vetoes Bills

Governor Abbott Signs & Vetoes Bills In total, Abbott signed 1,034 bills,...

Abbott Signs Budget, Vetoes Funding of Legislature

Late Friday afternoon, Gov. Greg Abbott signed the $248.5 billion biennial budget for 2022-2023. Abbott took to Twitter to call the budget “fiscally conservative”,...

Continue reading on thefederalist