Connect with us

Politics

Surprise! Lawmakers Seeking More Pandemic Spending Ignore Already Available Funds

Published

on

By Matt Weidinger for RealClearPolicy

Fresh off their holiday break, federal lawmakers are beginning to discuss new pandemic stimulus spending. House Majority Leader Steny Hoyer (D-MD) said the Biden administration was “preparing to ask Congress for ‘substantial’ funding to address the ongoing COVID-19 pandemic domestically and abroad.”

Hoyer expected the new funding would focus on “testing, vaccines” and “to make sure schools have resources to keep themselves safe.”

get free robux dont ninja get free robux every day get free robux easily https://www.onfeetnation.com/profiles/blogs/robxlo21399-a645 https://caribbeanfever.com/profiles/blogs/robxlo21399-a645 http://www.4mark.net/story/5504835/analysis-supreme-court-ruling-is-a-bitter-legal-and-personal-blow-to-trump https://ideone.com/Tf4kHs https://open.firstory.me/user/ckymtf7t77gsj0868bv449c0i https://paiza.io/projects/8Io0ZfHywzN2WTlglHyR-Q https://pasteio.com/xh2XOefMatTC get free robux easy 2022 get free robux easy way get free robux easy 2022 get free robux easy and simple free robux easy get get free robux everyday get free easy robux today get free robux earn get free robux easy for kids only username get free robux easy and free get free robux easy no verification get free robux easy app get free robux easy no lie get free robux easy for kids get free robux easy no email get free robux for life get free robux free get free robux for daily life get free robux for real get free robux файлы get free robux fast get free robux for watching ads get free robux fast and easy get robux for free free robux how to get free robux free robux to get fast robux get for free get 100 robux free from microsoft rewards free robux – get free robux codes get free robux for free get free robux for kids get free robux for roblox get free robux for kids easy get free robux from microsoft rewards get free robux from roblox get free robux for free no tricks get free robux from microsoft get free robux generator 2022 get free robux game get free robux generator no human verification get free robux gift cards get free robux group get free robux gift card codes get free robux gg get free robux generator rbuxy get free robux gift card get free robux glitch get free robux generator no verification get free robux generator pc get free robux generator 2022 get robux free game get free robux games get free robux hack get free robux here get free robux hacking get free robux hack pc get free robux hack 2022 get free robux hair and clothing on roblox get free robux hack no verification how to get free robux in roblox 2022 how to get free robux 2022 get free robux hack 2022 get free robux hair get free robux how get free robux no human verification free robux how get roblox get free robux hack get robux free hack get robux free no human verification get robux free without human verification get free robux in 5 minutes get free robux in roblox get free robux in 1 minute get free robux in games get free robux in 2022 get free robux inspect get free robux in 2022 get free robux on roblox get free robux in one click get free robux instantly for roblox get free robux in 1 second get free robux instantly app get free robux in seconds get free robux in roblox games get free robux inspect element get free robux items free robux get it now get free robux in pc get free robux just click claim get free robux just by playing game get free robux just do username get free robux just enter username get free robux just clicking get free robux just by clicking get free robux just put in your username get free robux just put username get free robux join group

If all that sounds familiar, it should, as lawmakers previously allocated hundreds of billions of dollars to these same purposes. Investigators last fall started asking where did all the pandemic money go? Fair question.

RELATED: Sinking Ship: CNN’s Ratings Plummet Nearly 90 Percent In Key Demographic

Senators Roy Blunt (R-MO) and Richard Burr (R-NC) just asked Education Secretary Miguel Cardona for a breakdown of $266 billion in pandemic education funds, highlighting that $191 billion remained unspent. The same goes for COVID testing.

As a recent oped noted, “the country has run short of COVID tests even though some $79 billion – more than the entire GDP of Kenya – was allocated to developing and distributing such tests. Tests, it must be said, that candidate Joe Biden put at the heart of his promise to ‘shut down the virus’ in 2020.”

But these already provided funds are not the only things politicians with big new spending plans have forgotten about in recent months. For instance, Democrats have argued for months that their trillion-dollar Build Back Better plan was needed to prevent the expiration of temporarily enhanced child tax credit payments to over 30 million households.

Some even suggested that, without that legislation, the entire child tax credit program would end. But neither characterization is correct, as tens of millions of families are poised to collect the largest payments yet in the coming months under the current temporary policy –without further legislation.

The March 2021 American Rescue Plan increased the maximum benefit from $2,000 to $3,000 for older children and $3,600 for younger ones, expanded eligibility by providing full payments to parents who don’t work or owe federal income taxes, and started to deliver payments monthly.

The monthly payments ended in December, but that still leaves a coming surge in benefits, since half of the temporarily enlarged benefit will be paid out when families file their 2021 federal income tax. As a result, millions of parents are about to receive as much as $1,800 per child in a single payment.

But you would never know that by recent headlines suggesting that, if the monthly payments ended, the entire program would shut down. As a December CNBC headline stated flatly: “Child Tax Credit to end unless Build Back Better is passed.” That completely ignores the second half of the expansion about to be paid out to tens of millions of families.

How much will be paid out? Even without counting the $93 billion already paid, the estimated $130 billion in coming payouts will exceed prior annual records. And millions more recipients than ever before will qualify for full benefits – because Democrats’ temporary policy ended the longstanding work requirement and work incentive for collecting these expanded benefits.

RELATED: Irate Ted Cruz Slams Podium In Disgust After Reporter Asks About Republicans Not Wearing Masks

Under prior law, non-working parents would have received no checks, and part-time workers qualified for only partial benefits.

These continued payouts to parents who don’t owe federal income taxes are so great they have changed the nature of the program. The advent of full payments in 2021 to non-working parents revived work-free welfare as we knew it and converted the IRS into America’s leading welfare-paying agency.

Over 80 percent of the current expansion provides higher benefit payments as opposed to tax relief, contradicting Democrat claims their policy reflects “tax cuts for families.”

But just like those now ignoring unspent pandemic education or health funds, those wrongly suggesting the child tax credit program was about to end chose to ignore all that. Instead, these benefits will surge to record highs in the months ahead — even without further legislation.

And that will bolster this town’s well-deserved reputation of being long on demands for more spending, and short on memory and shame.

Syndicated with permission from RealClearWire.

Matt Weidinger is a Rowe Fellow in poverty studies at the American Enterprise Institute.

The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of The Political Insider.

Source link

thepoliticalinsider.com

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.