Biden Bringing Cash To The Middle Class!

President Joe Biden giving families a tax break. 

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We're not over the pandemic. As we speak, over 630,000 Americans are dying from the coronavirus. 

The reasons why Americans are dying is because of their political biases. Many who refuse to get vaccinated are exposed to the delta variant of the COVID-19. The virus has killed over 246,000 people in India and it's spreading. Folks who refuse to get vaccinated are putting millions at risk of catching it.

The president is giving American families a tax break and Republicans, the far-right and leftists are screaming outrage.

The American Rescue Plan has offered more opportunities. On Thursday, most American families will start receiving a check for as much as $300 per child every month through the end of this year, as part of the $2 trillion American Rescue Plan’s expansion of the child tax credit that congressional Democrats passed in March.

The IRS says the monthly payments will be disbursed on these dates:

• July 15
• August 13
• September 15
• October 15
• November 15
• December 15

The first set of payments, amounting to $15 billion this month to be sent out by the IRS, will reach more than 35 million American households, covering just under 88% of children in the United States, according to a White House official. 

The IRS will begin disbursing checks to eligible families with children ages 17 or younger. The new enhanced credit is part of a government effort to use the tax code to help low- and moderate-income families weather the ongoing challenges of the pandemic. 

The IRS and Treasury said it sent payments for almost 60 million children on Thursday, totaling $15 billion. Almost 9 of 10 payments were sent via direct deposit, the agencies said.

The enhanced Child Tax Credit (CTC) is the latest use of the tax code to deliver money into millions of household bank accounts, following three rounds of direct stimulus checks that were, in fact, tax rebates. President Joe Biden's American Rescue Plan authorized an expansion of the CTC, which has existed since the late 1990s, to more quickly provide monthly checks to low- and moderate-income households. 

The expansion boosts the credit from $2,000 to $3,600 for each child under 6 or $3,000 for children ages 6 to 17. It also makes the CTC "refundable" — that means people can get it even if they don't owe federal income tax, increasing the number of low-income households that qualify for the payments. 

But not everyone will qualify for the expanded credit. To get the full enhanced CTC, single taxpayers must earn less than $75,000 and joint filers must earn less than $150,000, with payments reduced by $50 for every $1,000 of income above those limits. The enhanced payments phase out for single taxpayers earning $95,000 and joint filers earning $170,000 — but most households earning above those limits will still qualify for the regular $2,000 per-child CTC. 

The IRS has said about 36 million households are in line to receive the payments, which will be sent each month until they end in December. 

The checks are arriving at a time when the economy is rebounding, yet still bears the scars of the pandemic. Nearly 7 million fewer people are on payrolls today than prior to the pandemic, and one-quarter of Americans struggled to pay their household expenses in the previous week, according to Census survey data from mid-June.