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