The combination of child tax credits, enhanced unemployment benefits, and stimulus payments in the newly signed Covid relief bill could create a powerful disincentive for working.
Just how much? A bit of back-of-the-envelope math suggests that a family with two parents who are not working and three minor children could make the equivalent income of more than $92,000.
Let’s start with unemployment benefits. The covid relief bill puts a $300 per week enhancement on top of regular state benefits. In New Jersey, the average state unemployment insurance payment is $419 per week. So that’s $719 per week for each parent or $1,438 per household. That is the equivalent of earning $74,776.
More @ Breitbart
No comments:
Post a Comment