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Good for Manchin. It’s about time he did something positive. It might have been great if he didn’t kill the child tax credit, causing more children to slip into poverty. Manchin killed it because he felt poor moms and dads would spend the money on drugs. Hardly possible given the poverty in his own state.

He kept moving the goalposts for Biden’s Build Back Better. Also, his state is virtually dead last in all measurements in West Virginia. What does he do for them? Besides collect big annual dividend checks from all of his coal holdings.

Democratic Sen. Joe Manchin of West Virginia, who has in his own words "never been in a liberal in any way shape or form," is currently holding up the $3.5 trillion reconciliation bill that central to President Joe Biden's "Build Back Better" domestic agenda.

West Virginia Rankings (rest in US News & World Report link above).

MEDIAN INCOME: $26,354

Healthcare Care #47

Education #45

Economy #48

Infrastructure #50

Does everyone on here know that part of Trump’s big tax plan in 2017 included (beginning in 2021) that taxes were increased on people making less than 75k per year but lowered for the rich? This increase is supposed to stop in 2027 but we know that they won’t be eliminating this.

According to a new report by The New York Times, taxes will go up for many Americans starting in 2021, and the Republicans are to blame. The tax hike was planned all the way back in when President Donald Trump passed the 2017 Tax Cuts and Jobs Act, which lowered taxes for most Americans at the time. However, that temporary tax policy counted on the automatic increases coming next year.

The Times found that the Tax Cuts and Jobs Act will cause "automatic, stepped tax increases every two years" beginning in 2021. By 2027, these tax increases will impact nearly all Americans — except for the extremely wealthy. That's because the tax policies built into the bill target those with an income of $75,000 per year or less, about 65 percent of American taxpayers.

Some, including the Times' Joseph E. Stiglitz assume that these tax increases were calculated to come after the 2020 presidential election when Trump's bid for re-election would be over one way or another. The increases may serve as an attack on President-elect Joe Biden, allowing Republicans to blame him even though they pass these tax increases under the Trump administration.

The provisions of the Tax Cuts and Jobs Act will reach full maturity in 2027, effectively dividing the nation into two groups, according to Stiglitz — those making over $100,000 per year and those making less. The latter tax bracket would encompass about 75 percent of American taxpayers. The provisions of the law are such that at that point, the rich could get regular tax cuts while the poor could not.

The bill also seems to come for the lowest-income tax brackets first, beginning with those making between $10,000 and $30,000 per year — now about one-quarter of Americans. This includes many below the poverty line, which is currently $26,200 per year for a family of four. Under this law, in 2021, those people will get a tax increase of about $365 each.

These increases on taxes for low-income Americans may have been put in place to try to make up for the massive tax breaks given to the extremely wealthy and corporations during the Trump administration. Stiglitz speculates that this created a budget deficit, explaining Republicans' hesitation to pass another massive stimulus check bill in 2020.

The Joint Committee on Taxation echoes this conclusion, estimating that the 22,000 households making $20,000 to $30,000 will collectively pay 26.6% more in 2027 than they would under the previous statute in that year. The 629 households making over $1,000,000 will pay 1% less.

Joe Manchin’s lack of support for the child tax credit caused more children to slip into poverty.

3.7 million more kids are in poverty without the monthly Child Tax Credit, study says.

When the expanded tax credit was implemented, child poverty fell to just 12 percent — both the lowest figure in American history and even still an understatement of the benefits, because many families were pulled up from deep poverty without making it over the poverty line. Such people benefited much, much more than those who were already nearly out of poverty and got nudged over it.

Manchin reportedly hated this particular part of the Biden child tax credit, telling colleagues that recipients would spend the money on drugs instead of child care. This is probably false (studies show that virtually all recipients spent the money on daily necessities), but the fact that Manchin didn’t try to get rid of the normal child tax credit shows that what he is really against is the working class getting any money without having to work for it. It’s fine for middle-class people to get benefits if they have earnings, but not for destitute single mothers who can’t afford to work.