VP Harris is proposing a new plan that would expand the child tax credit

[Passages]

This is exactly what people want to hear.

Link to tweet

[Old Crank]

1. Good idea

But we wonder how our tax code gets so bloated.
This is for the first year only. Make the payment automatic when the child's social security card is issued. Make it for all children and do away with the cost of means testing.

Or better. When children get their social security number send the parents a monthly check, or deposit, for $300. Until 18 or 23 if in a school past high school.

[Shermann]

2. The means test is pretty high right now: $400,000 or below for married couples to get the full credit

That's a pretty big tent right there.

[Old Crank]

3. Article said low income

And middle income.

$400k is neither. Plus the administration cost money and throws up barriers.

[Voltaire2]

4. there is effectively no additional administrative cost.

you file your tax return, it includes your income data, you check the box for your credit, your tax return gets processed and as usual credits are applied and a refund check, if appropriate, is issued.

Using the existing IRS system is the least cost approach.