Bipartisan Infrastructure Bill
Speaker Nancy Pelosi pushed the Bipartisan Infrastructure plan to a vote in the House of Representatives against the preferences of Progressive Democrats. The Progressive Caucus has stated that they would not vote on the package until the reconciliation bill is introduced. Despite Progressive opposition, all Democrats voted in favor of the measure. In addition, thirteen Republican members sided with Democrats, deviating from their party’s consensus view.
The plan includes financing for the removal of lead pipes from the country’s water supply. Around 10 million people in the nation do not have access to clean drinking water. This issue disproportionately affects communities of color and tribal nations, and the bill proposes to invest $55 billion to address it.
The initiative also seeks to reduce road deaths, which killed over 20,000 people in the first half of 2021, by establishing the first-ever Safe Streets and Roads for All program.
As the effects of the third round of government stimulus checks faded, the percentage of families in need rose again in May, after decreasing from its peak in December 2020. Despite this, as of early October, around 30% of Americans were having trouble paying normal household payments, as the covid-19 outbreak continued to wreak havoc on the economy and livelihoods. Much of this misery might have been avoided if three prior stimulus checks had been passed, and there is still a slim chance that another will be passed before the end of the year.
Not one member of the GOP voted for the expanded Child Tax Credit.
Not one of you is prepared to support paid family and medical leave.
"Party of parents"? Give me a break. https://t.co/pQWEo4nWt8
— Bernie Sanders (@BernieSanders) November 5, 2021
The Democrats have agreed on a framework for President Biden’s social and environmental legislation, Build Back Better. The infrastructure package was enacted, providing an additional trillion dollars to help fix the country’s crumbling road and transportation infrastructures. Its sibling bill, for social expenditure, has yet to be enacted, despite the fact that it does not include another significant government stimulus payment. Despite this, if the proposal succeeds, families with children might get ongoing monthly financial assistance in the form of the Child Tax Credit.
Social Security 2022
When Americans apply for Social Security or Supplemental Security Income (SSI) benefits, they should also sign up for direct deposit. This quick and simple method of receiving payments ensures that beneficiaries receive their payments on the same day that their benefits are due to be issued.
#mySocialSecurity is a secure account that puts you in control with access to your information on any device. Verify your earnings, manage your benefits, get a replacement Social Security card, and much more. Open your account today! https://t.co/DiM5HKCyXU pic.twitter.com/qO77s8DUWV
— Social Security (@SocialSecurity) November 1, 2021
Beneficiaries who do not have a bank account can get assistance establishing one up through my Social Security, the agency’s online service, or the Treasury’s Go Direct website. Beneficiaries can also receive payments electronically using a Direct Express Debit Mastercard.
Child Tax Credit
So far, four payments have been made: in July, August, September, and October, with the next due in less than a week on November 15. The opt-out deadline is November 1, so if you believe it would be advantageous for you to opt out, you have missed the deadline. It is still possible to opt out of the final monthly payment, which is due in a little more than a month. This may be accomplished by utilizing the IRS portal.
Monthly payments will continue in 2022 if the reconciliation bill is enacted in its current form. In addition, once you have submitted your 2021 tax return in April, the final six months of the 2021 payment will arrive as a lump amount.
Don’t be concerned if you opted out. If you are still qualified for the credit, you will get a lump sum reimbursement for any missing payments at the end of the tax year. For example, if you got payments in July and August 2021 but none later for one 5-year-old child, you would earn $3,000 after filing your tax return.
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