From WSJopinion: Forget the damage to the economy. Forget the harm to our culture. The child tax credit will hold people down by keeping them reliant on government handouts, writes Nick Stehle.
Wonder Land: By paying people not to work, the Biden Democrats will damage the U.S. work ethic for a generation. Images: Getty Images/iStockphotoDeposits of $948 hit my bank account on July 15 and Aug. 13. The money came from the Internal Revenue Service, but it isn’t a tax refund. I shouldn’t be getting this money at all.
My family is receiving the new Advance Child Tax Credit Payments, passed by Congress and signed into law by President Biden in March. Under this policy, I’m going to make more than $11,000 by the time I file my 2021 taxes. I “earned” this extra cash by having four children between 5 and 13. The policy—which pays $300 a month for each child under 6 and $250 a month for each child between 6 and 17—is set to expire at year’s end, yet the Biden administration and congressional Democrats are pushing to make it permanent. If that happens, I’m looking at more than $10,000 a year for the next four years, then thousands more annually for nearly a decade after that.
Do I need this money? Thankfully, no. I have a good job that puts my family solidly in the middle class. Should I be getting this money? Absolutely not. But will I use the money? Yes. That is why this new entitlement is so dangerous. The federal government is conditioning families like mine to expect “free” money. When you see that cash in your account, the first thought is how to use it. It becomes a habit to see and spend extra money each month. Like many habits, it is liable to worsen.
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