Are Republicans AND Democrats Wrong About the Child Tax Credit?

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All right, here comes baby bonus rant from a brand new empty nester. Yeah, yeah, I became officially officially an empty nester last week. I missed a couple days of podcasts because I was moving my young son into college. And yeah, our house is empty as far as kids. They’re gone. They’re gone.

And I can admit my wife is having a bit of a difficult time. I mean, she’s handling it, I can see it bothers her. And do I think about it, contemplate, reflect over it? Yes, I do. But again, I’m a male and anytime we tend to start feeling down about something, we crack jokes or make fun in order to deflect to some degree, but I’m sure.

I’m sure it’s going to be hitting me little by little, you know, looking at things again, we’re also packing up our house because we’re leaving and looking at some of the things from when they were younger and whatnot. Say definitely it’s a new chapter, new chapter for our family without a doubt. But I want to tie this in. Try this into this baby bonus competition that’s taken place between the Democrats.

and Republicans. And I have to delve into this article today in the Wall Street Journal. Again, how far the Wall Street Journal has fallen. I’m going to read to you some of this, just how ridiculous this is. The first year of a baby’s life is costly and stressful for new parents.

who often lose income as well as sleep as the bills mount.

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Really? Thank you. Thanks. Thanks Wall Street Journal. Yeah. You go into having a baby and you don’t realize that it’s expensive? I don’t want to tell you. Okay. Baby stuff is expensive. strollers and all that stuff that was involved with that. I remember I was still there.

and familial and all of those things. It’s not cheap. But guess what? It doesn’t get any cheaper. It doesn’t get any cheaper. way to go on. And when they start having extracurricular activities and whether it be piano lessons and tutors or club lacrosse, whatever it may be, the kids, they don’t get cheaper. They don’t get cheaper. They get more expensive.

Okay. you know, our food bill is when everybody is home. you know, the boys, they can put it away. But anyway, neither here nor there. And they talking about the first year vital, vital year critical development costs can add up, especially for young parents who need to buy diapers and clothes and a car seat and so much else. Harris said during a campaign speech has that changed.

Has that changed? Again, I remember, I remember when my younger brothers were babies and the diaper bag I visualed that might carry around in the strollers and, you know, going to, you know, amusement parks and doing stuff as a family. Back in the day, babies needed diapers, all these things too. So again, and now it’s it’s up to

It’s up to your fellow taxpayer now. It’s up to your fellow taxpayer to help foot the bill. Harris wants to expand the child tax credit, which provided up to $3 ,600 per child. wants it to go up to $3 ,600. But then in the first year, she wants it to be $6 ,000. And again, here’s the Wall Street Journal.

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Having a baby in the US causes a 10 .4 % income drop on average from the month the baby is born compared with before the pregnancy. Parents work fewer hours or stop working. The US doesn’t mandate paid parental leave as many countries do. Yeah, many businesses go out, they already provide paid parental leave. want to mandate whatever it may be. Again,

again, is this a black swan event? Are any of these things that they’re talking about in the Wall Street Journal, are any of them black swan event? They’re coming out of nowhere. No, no, you know this already. Here again, Wall Street Journal. Meanwhile, families have new expenses, diapers, food, medical bills, the cost of daycare and preschool rose at nearly twice the rate of inflation between 1991 and this spring.

Infant care can top $1 a month in big cities.

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That’s a lot.

She’s decided to have a kid. I know maybe the option is maybe don’t go back to work.

Maybe you stay and raise your kid. throwing it out there. Just throwing it out there. And then they go, they ought to find somebody. Again, I don’t know how they find these people. Again, they always find the people to fit their stories. Here’s a lady said the $6 ,000 credit would have been a lifeline after her third child was born in 2022. She took 12 leaks of unpaid leave because of health concerns.

It’s your third child. It’s great when I have a problem with that, you didn’t realize the costs that were involved. And she talks about, well, to manage, we had to make trade -offs. We canceled cable, dropped auto insurance and skipped family trips. You dropped your auto insurance. And guess what? As it turns out, again, write in same article. She grabbed the, we got in a car accident.

and they totaled their car and they can’t afford to replace it. You dropped your auto insurance. Isn’t that illegal? Everything in life is about trade -offs.

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It’s a, is this anything new?

Or again, we’re going to go back to freedom. Freedom, freedom from the expenses of childcare. We’re going to provide freedom, again, it’s not just the Democrats, the Republicans as well. JD Vance wants $5 ,000 for it. You’ve got other ones that are there. Mike Lee, Marco Rubio, $5 ,000 yearly child tax credit.

Again, Republicans just killed one, just recently, okay, that would have expanded it. And again, they said it was too generous and it was gonna discourage people from working. And again, they said, this is gonna be a bonus, a bonus for falling birth rates.

No, no, it’s not going to be a bonus. And again, you’re saying, okay, I got a $6 ,000 child tax credit, first year of life. gee whiz, guess what? Now I’m gonna have a baby. If you’re thinking that, don’t, don’t do it. Watchdog on wallstreet .com.