Fatherly: This Chart Reveals How Much Money Families Will Get From Stimulus Package
media mentionIt’s a genuine anomaly in American welfare policy, and a true sign that American politics is changing. But exactly how much money folks at different income levels can expect to receive is a complicated question, and it’s one that has been answered.
Luckily, the Institute on Taxation and Economic Policy has a staff of people who do understand this stuff. They crunched the numbers and found out just what kind of an impact the package could make on various income brackets on average if, and when, it becomes law. The results are dramatic, to say the least. Keep in mind that this is an average — meaning that some families will receive much more in, for example, the expanded Child Tax Credit, and others won’t receive any of it at all. Either way, the average results are dramatic.