Senate approved $3.5 trillion Democratic plan this morning

The US Senate approved the $3.5 trillion Democratic plan. The plan that the Senate approved this morning would serve to reinforce service...

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  • The US Senate approved the $3.5 trillion Democratic plan.
  • The plan that the Senate approved this morning would serve to reinforce services for families, health and environmental programs.
  • With the approval in the Senate, the ambitious plan of President Joe Biden is promoted.

The United States Senate approved early Wednesday a $3.5 trillion plan to strengthen services for families, as well as health and environmental programs. The Senate vote boosted President Joe Biden’s ambitious plan to reshape federal priorities, the news agency AP reported.

The vote was held hours after President Joe Biden achieved another victory with the passing of a large infrastructure bill, the aforementioned news agency informed.

Senate approved $3.5 trillion Democratic plan

Senate approved
Photo: Archive

Lawmakers stuck to party divisions and passed the Democratic budget resolution 50-49, a key step for a president and party determined to lead the government’s fiscal force to help families, create jobs and combat climate change.

Increasing taxes on the rich and on corporations would pay for much of the project. The Senate approved the spending plan despite a flurry of Republican amendments that wanted rivals to pay a price in next year’s election for control of Congress.

$ 3.5 trillion for a decade: Senate approved Democratic plan

Senate approved
Photo: Getty Images

The leaders of the House of Representatives announced that they would return from the summer recess in two weeks to vote on the budget, which includes spending $ 3.5 trillion over the next decade.

Final congressional approval, which seems certain, would protect a subsequent law that would apply the specifics of spending and tax changes to a possible Republican filibuster campaign in a 50% -divided Senate, a delay that could otherwise kill the bill. .

Fight between parties

Senate approved
Photo: Shutterstock

Still, passing that later legislation will be difficult because the party’s moderate lawmakers have qualms about the sheer volume of the plan and are fighting progressives, who are calling for aggressive action.

The party controls the House of Representatives with just three votes on the margin, while the Senate, divided in half, is in its hands only thanks to the tiebreaker vote of Vice President Kamala Harris. The strong Republican opposition seems warranted.

Senate approved plan that would help all families and workers

Senate approved
Photo: Getty Images archive

Senate Budget Committee Chairman Bernie Sanders, an independent from Vermont who has grown from a progressive voice on the margins of Congress to a key position with legislative influence, said the measure would help children, families, the elderly and workers, among others.

“I am confident that it will also restore the faith of the American people in the belief that we can have a government that works for all of us, and not just a few,” he added.

Republicans lash out at the Democratic plan

Senate approved
Photo: Getty Images

Republicans argued that the Democratic proposal would waste money, hurt the economy with its tax hike, boost inflation and enshrine far-left principles harmful to Americans.

Critics also enthusiastically pointed to Sanders, who describes himself as a Democratic Socialist, to try to discredit all Democrats who supported the initiative.

They describe the plan as a “waste”

Senate approved

If Biden and Senate Democrats want to “outsource national politics to President Sanders” with “historic waste and reckless taxation,” Republicans don’t have the votes to stop them, Senate Minority Leader Mitch McConnell, Republican, admitted. from Kentucky. “But we will debate. We will vote ”.

The Senate focused on the budget hours after it approved another key piece of Biden’s goals, a negotiated bipartisan $ 1 trillion package for transportation, water, broadband and other infrastructure projects. That proposal, approved by 69 votes in favor and 30 against, with McConnell among the 19 Republicans who supported him, also needs to pass in the lower house.

Second Child Tax Credit check arrives this week

Second check for the Child Tax Credit arrives THIS WEEK
Photo: Shutterstock

No more waiting. The second check for the Child Tax Credit arrives THIS WEEK. If he Internal rents service (IRS) advanced this second payment a few days so it will be reaching the hands of the beneficiaries this Friday August 13.

The IRS had indicated that they would send families six checks of up to $ 300 on the 15th of each month beginning in July. However, in August the 15th falls on a Sunday, so they will rush to deliver it the previous business day, that is, next Friday.

Six monthly installments

Second check for the Child Tax Credit arrives THIS WEEK
Photo: Shutterstock

Originally, a single payment was issued per year for the Child Tax Credit, but with the arrival of the pandemic the federal government decided to change its dynamics. Now, the American Rescue Act indicates that 6 monthly installments will be delivered from July to December 2021 and a last ‘more bulky’ check in 2022.

The first check for this federal aid was already sent to beneficiary families on July 15. With this, the government hopes to help millions of parents in the United States to guarantee the support of their children.

I didn’t receive the first check: can I still claim it?

Second check for the Child Tax Credit arrives THIS WEEK
Photo: Shutterstock

Yes, although this will be the second check of the Child Tax Credit, many families that qualify can still register to claim the remaining checks that will be delivered from September to December, he recalled. The opinion.

The IRS has indicated that if the family did not receive the first payments, they can still claim them to obtain the other checks from September; While the money corresponding to July and August will have to be requested in your next tax return, which you can file as of February 2022.

Do I qualify for the Child Tax Credit?

Second check for the Child Tax Credit arrives THIS WEEK
Photo: Shutterstock

According to the IRS, “the new maximum credit is available to taxpayers with a modified adjusted gross income (AGI) of $ 75,000 or less for singles, $ 112,500 or less for heads of household and $ 150,000 or less for married couples that file a joint return and for qualified widows and widowers ”.

But what if a person earns more than that? If a person earns more than this amount, they can also receive the aid, although to a lesser extent. “Above these income thresholds, the additional amount above the original credit of $ 2,000, whether it is $ 1,000 or $ 1,600 per child, is reduced by $ 50 for each additional $ 1,000 in modified AGI,” explained the IRS. For more information visit this note.

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