According to calculations by Marc Goldwein, senior policy director for the Committee for a Responsible Federal Budget, a Massachusetts family of four that had an income of about $53,000 before the pandemic and has one parent unemployed stands to receive more than $22,000 from this package. That’s in addition to the unemployment assistance and child tax credit the family would be eligible for without the pandemic.
In total, this family of four is set to have received more than $50,000 from the relief bills Congress has passed since the crisis began, a large amount that more than replaces the family’s lost income during the crisis.
It's kind of a high end estimate IMO, because if you had 1 unemployed parent for that whole year - you probably wouldn't need to have $8,000 in childcare expenses waived.
This can't be right, can it?
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Good thing we live under capitalism and you’re free to convert that 3200 into a million by just starting a business 😎you got this champ
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Jeff Stein shared a graph saying that cumulatively a family of four which lost 1 income would have gotten like $65k over the past year in assistance.
https://twitter.com/JStein_WaPo/status/1368308679628439554
It's kind of a high end estimate IMO, because if you had 1 unemployed parent for that whole year - you probably wouldn't need to have $8,000 in childcare expenses waived.
Thanks for that.
Maybe after the unemployment expansion