Wednesday, November 17, 2021

New benefits

Back in 2010 when Obamacare became law the democrats were warned that this would cost them seats in the house and in fact it did. The dems knew this but Obama decided it would be worth it because they would one day regain the house but once enacted a government benefit is there for good. The same strategy is going on this year. All indications are that the dems will lose the house but Biden feels the loss will be worth it if he can pass the build back America plan. The plan includes free preschool and free child care for kids under age 6. The child tax credit to $3,600. More money for Obamacare to lower monthly cost to users. Once passed these will not be canceled and in a few years the house will come back to the democrats. It is a good strategy and it worked before. These are all good ideas that will help low income people and will cost $900 billion over ten years and a 2% increase in taxes on the rich can pay for this. A family of four can earn up to $88,000 and pay no income tax and have free child care so both parents can work. The USDA recently extended the free breakfast and lunch program through the next school year and by that time it will be hard to stop.

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