As part of the 1.9 trillion coronavirus package of President Joe Biden’s Democrats, Democrats in the House of Representatives will present Monday a legislative proposal that would allow families with minorities to pay $ 3,000 from one year to another. .
La Ley de Cuidado Infantil para la Reconeción Económica increase the fiscal credit which provides the Internal Tax Service (IRS, by its English seal) for each of them.
The parents or guardians receive direct payments of 3,600 dollars per year (300 dollars per month) for each minor age of 6 years and 3,000 annual fees (250 dollars per month) for each minor between 6 and 17 years.
[¿Qué es la reconciliación presupuestaria? Le explicamos este proceso para aprobar el cheque]
The project of its establishes the same eligibility criteria that it sends direct checks of 1,400 dollars per person. Es decir, watellos padres que 75,000 dollars less al año y las parejas que ganen menos de 150,000 dólares. These amounts decrease for those who have more than the previous dicho.
Currently, the tax credit for it is $ 2,000 and is not paid monthly. The new properties are being mailed monthly from July.
The mode in which the actual credit operates is based on the initials, for those who have more than $ 200,000 (400,000 for caseworkers who present a joint statement) will be the amount of his credit will be eliminated gradually. If the credit of the contributors exceeds the outstanding taxes, you can get up to $ 1,400 as a rebate.
The new proposal of the Democrats increases the amount of the credit to 1,600 dollars (1,000 for those with minor minorities of 6 and 17 years) by allowing the contributors to receive the total amount as reimbursement, for serious minorities from the entry mark individual of 75,000 dollars and 150,000 for couples.
Although the proposed credit is only for one year, some Democrats affirm that pilearían to convert into a permanent action.
[Los demócratas proponen que el cheque de $1,400 sea para quienes ganan hasta 75,000 al año]
“We are not detainees here. We must approve this moment to approve the loan to increase and permanently increase the tax credit for them. A year is not enough for the children and families that are not alone against the coronavirus, but also against President of the Committee of Assignments of the Chamber of Representatives, the Democrat Rosa DeLauro.
If approved, the contributors may receive the credit of the credit corresponding to the year 2021 from July, when the Department of Treasury issues the base pages in the information that families will present in their 2019 or 2020 tax returns.
In the event that the payment made by the Governor exceeds the amount of the credit, the family gifts that are less than 40,000 dollars (or less than 60,000 for the couples who declare a manner) will not repay the difference, nor are they discounted of his salary.
“It is a historic proposition in terms of reducing infantile poverty”, dijo a nuestra cadena hermana CNBC Chuck Marr, director van politiska federale federale del Centro de Prioridades de Política y Presupuesto. Pero is only a temporary increase. If it is permanent, it will be a “historic log”, aggregate.
The bill, co-chaired by Richard E. Neal, Democrat from Massachusetts and chair of the Media and Arbitration Committee of the House of Representatives, if the Democrats agree, they will accelerate the process of securing the plan of estimate before the end of month.
It is hoped that this legislative proposal will be included in the complete Biden aid plan.
With CNBC information.