Biden’s $1.9 Trillion Relief Proposal Would Give Nearly $3,600 to Poorest Americans: AnalysisEpoch Times, United States politics | The Epoch Times

President Joe Biden’s $1.9 trillion COVID-19 relief proposal, which congressional Democrats are moving to pass, would give nearly $3,600 in direct payments and other benefits to the poorest Americans, according to a new analysis. Households making less than $21,300 would see an average boost of $3,590, the Institute of Taxation and Economic Policy (ITEP) said. The figure comes from a combination of three components of the proposal: a $1,400 stimulus check and expansions of two tax credits, one for parents and another for those bringing in little income. According to details published by the House Ways and Means Committee, Biden’s proposal would nearly triple the maximum credit from the Earned Income Tax Credit, while extending eligibility for the benefit. The Child Tax Credit currently gives parents up to $2,000 per child, depending on their tax bracket. The new plan would boost the credit to $3,000 per child, and $3,600 per …Read More

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