President Joe Biden is giving it away — the White House just confirmed it and millions of Americans are stunned. No one expected this to happen.
“The White House on Monday reminded Americans that families would start receiving direct cash payments in their bank accounts starting in July,” reported Breitbart News.
According to a statement from Biden, “about 90 percent of families with children will get this new tax relief automatically.” The monthly payments amount to “$300 per child under six and $250 per child older than six,” noted Breitbart.
These payments are reportedly advances on the child tax credit that parents normally claim when filing their taxes, implying that the tax credit won’t be claimable then since it is being sent out in installments.
Since taking office, Biden and the Democrat majority in Congress have spent an unprecedented amount of money and an attempt to jumpstart the economy — but we have now been hit with massive inflation.
“The White House said Friday they were surprised by the rise in consumer prices in March, the largest jump since 2008,” reported Breitbart. This shouldn’t be surprising to anyone who knows basic economics.
Read the full story here.