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{"id":109234,"date":"2024-12-17T10:30:27","date_gmt":"2024-12-17T14:30:27","guid":{"rendered":"https:\/\/reason.com\/?p=8309647"},"modified":"2024-12-17T10:30:27","modified_gmt":"2024-12-17T14:30:27","slug":"baby-incentives","status":"publish","type":"post","link":"http:\/\/3rdcitynews.com\/news\/baby-incentives\/","title":{"rendered":"Baby Incentives"},"content":{"rendered":"\n
\"Missouri <\/picture> <\/div>\n

Child tax credit battles:<\/strong> Sen. Josh Hawley (R\u2013Mo.) is pitching<\/a> the idea of raising the child tax credit from $2,000 per child to $5,000 per child and allowing parents to take advantage of such credit not only once the child is born but also retroactively for the year prior when the mother was pregnant.<\/p>\n

This plan would reportedly cost<\/a> $2 trillion to $3 trillion over the next 10 years, per Bloomberg.\u00a0<\/em>But tax credits\u00a0are\u00a0<\/em>simply allowing people to keep more of their earnings, instead of the government being entitled to taking them. The problem is when tax revenue shrinks yet government spending doesn’t keep pace, we deepen the deficit hole we’re already in.<\/p>\n

Interestingly, Hawley “wants to apply the credit to payroll taxes, allowing even Americans who do not make enough to pay income taxes to access bigger refunds,” notes Axios.\u00a0<\/em>This plan, which has also been endorsed by incoming Vice President J.D. Vance, has found plenty of supporters on the right and represents a possible shift by conservatives toward more explicitly pro-family policy.<\/p>\n

What has been happening in New Jersey?\u00a0<\/strong>About a month ago, residents of New Jersey started noticing substantial numbers of drones\u2014as many as 10 or 15 at once!\u2014hovering in the skies above them.<\/p>\n

\n

driving through new jersey pic.twitter.com\/ns9pIB4tUP<\/a><\/p>\n

— Kevin Finnerty (@timeimmemorial_) December 12, 2024<\/a><\/p>\n<\/blockquote>\n