Another example of the dream world in which progressives live. They have no concept of human nature or perhaps reality. “Healthy food?” Just healthy food? Winter clothes, but not heating bills? Only rent, not mortgage payments?
How can she know that? She can’t and yet in her world, this is all that happens, only good, prudent rational things and behavior.
No doubt there are people who need the tax credit and will put it to good use – and they should receive it, but there are also many who certainly do not need it for basic necessities.
You can take full advantage of the credit only if your modified adjusted gross income is:
- Single: under $75,000.
- Head of household: $112,500.
- Married filing jointly: $150,000.
The credit begins to phase out above those thresholds.
Which means families earning hundreds of thousands of dollars a year get at least a partial tax credit which they need to buy healthy food?
Where is all this headed?
QUINNSCOMMENTARY 
Yesterday the New York Times ran an article in how four families used the credit. One provided ballet lessons for a three year old and karate lessons for a four year old. Another took her kids swimming at an indoor pool ($25 a trip)and bought concert tickets. And one woman and her partner got over $1600 for 6 children-7th on the way.
As for “healthy food”, food banks are loaded with it. I worked as volunteer at the local food bank. I packed fresh veggies, cheese, eggs and fresh meat.
I absolutely believe no one should lack healthy food, but there needs to be much better oversight related to who gets money and how it’s used.
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read the article, too bad they didn’t ask the families earning $100,000 plus what they did with the money
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At this rate in 10 years the national debt will be over 50 Trillion and gasoline will be $9 per gallon. You will rent everything, because almost no one will be able to afford a new car or new house. What happens when your house is valued at over $1 million, but there are no buyers?
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Hear her testimony: https://www.youtube.com/watch?v=utoA-zFmBoQ
She reprsents Seattle – one of America’s wealthiest communities. Her testimony includes:
“… crippling burden holding them back”
” … Terrified, Crisis, Trauma, Financial Insecure on the path to financial ruin …
” … Eliminate AT LEAST $50,000 in student loan debt …”
“… Matter of racial and economic justice. …”
But the best of the squad is Congresswoman Rashida Talib, who has served in Congress since 2019 – at a salary of $174,000 a year. She was quoted as saying: “I worked full time, Monday through Friday, and took weekend classes to get my law degree. And still, close to $200,000 in debt. And I still owe over $70,000 and most of it was interest, … And guess what? I didn’t go to the for-profit entities, I went to legal aid, I worked at the nonprofit organization fighting for the right to breathe clean air, to fight for the worker that was getting their wage taken and stolen from their employer. I went and worked on immigrant rights and so much more,”
For comparison, I worked full time, Monday through Saturday (overtime), from 1974 through 1979 in pursuit of an undergraduate and masters degrees. Later, I worked full time (way, way beyond 40 hours a week) from 1980 to 1985 (including two years of 105 mile rountrip commutes from home to school, four nights a week) to obtain another graduate degree. And, later still, I worked full time (way, way beyond 40 hours a week) from 2010 – 2012 to obtain my last graduate degree (which, in most semesters, included a 750 mile roundtrip commute each week, and an overnight stay in a Motel 6). My student debt = $0.
Both of my children have undergraduate and graduate degrees. Student debt = $0
Bottom line, nearly half of total dollar amount of student debt is owed by people in households that have graduate degrees and can more easily pay back debt than others, and certainly, more easily than rank and file taxpayers who do not have a degree. Remember that the median student loan debt payment is $222/month.
https://thecollegeinvestor.com/33643/average-student-loan-monthly-payment/
Remember that less than 50% of working age Americans (25 – 64) have a college degree – of course, when you expand that to include all adult citizens (age 18+, potential taxpayers), the percentage dips to about a third (33% or so). .
25 – 34: 48%
35 – 44: 49%
45 – 54: 45%
55 – 64: 42%
Let’s have Congresswoman Talib ask each member of her district who does not have a college degree, as well as those members of her district who paid off their student debt, or who worked to finance college themselves (including those who served in the military and earned GI Bill benefits) whether they want to see their federal income taxes increase so that the government can forgive the Congresswoman’s student debts.
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The spending splurge and giveaways will continue as long as politicians are swayed by the MMT theorists who think money grows on trees. I believe it will all end badly but I’m not the guy running the train.
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Ross Perot famously displayed charts and graphs in 1992 warning us of the national debt, which at the time stood at about $4 Trillion, or adjusted for inflation, is about $8 Trillion today. The debt now is about $29 Trillion, meaning that another $21 Trillion has been added since Ross was talking about it. Some said the proportion of the debt to the GDP was more important: 61% in 1992 and 120% in 2021. I also worry where we are headed.
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Raising SALT limit to $80,000?
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