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Debt Ceiling Back Again, GOP Proposes Child Tax Credit Cut

Debt Ceiling Back Again, GOP Proposes Child Tax Credit Cut

It’s official, the debt ceiling is back to once again rear its ugly and divisive head.  President Barack Obama has put forth a formal request to have the debt ceiling raised by $16.4 trillion within the next two weeks.  “I hereby certify that the debt subject to limit is within $100,000,000,000 of the limit in 31 U.S.C. 3101(b) and that further borrowing is required to meet existing commitments,” the president wrote in an official letter to Congress.

The request is mostly formality, thanks to the Budget Control Act, which was passed last year as part of the debt ceiling negotiations that occurred then.  The president has one last hike he can do without Congressional approval, with the ability to veto if approval is denied.  In essence, the request was formally made simply so the Republicans would have one more chance to discuss how much they hate debt, and how irresponsible the president is, which they jumped immediately into doing.  “Washington’s mounting debt is a drag on our economic recovery, and this request is another reminder that the President has consistently punted on the tough choices needed to rein in the deficit and protect important programs for American seniors from going bankrupt,” stated Speaker of the House John Boehner in response to the letter.

Once the ceiling is raised again at the end of the month, all attention will turn to the other elephant in the room — extending the payroll tax break that expires at the end of February.  It seems likely that the funding mechanism for that extension will be decided in shortly, as Boehner has made it clear that he would like the issue off the table before the State of the Union, where President Obama might be able to use it in his speech.

So how does the GOP plan to fund the extension, if they still won’t allow any sort of surtax on the rich?  One proposed idea?  Deny child tax credits to any immigrant working in the U.S. who cannot provide a social security number.  The proposal, which Republicans say could save billions, is a unique way to cross the GOP zeal for asking those who aren’t rich to prop up those who are, as well as subtly use their dislike of immigration to their advantage.  Currently, because the children of immigrants often are legal citizens, the parents are not required to have their own social security numbers in order to receive a child credit.

Should this proposal pass, the middle class can instead keep their payroll tax cut, while immigrant families struggle even further financially.  The rich, of course, remain unaffected.


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12:56AM PST on Mar 3, 2013


12:55AM PST on Mar 3, 2013


7:29PM PST on Jan 21, 2012

I've noticed, Nancy L., that across many articles, your statements are very simplistic. If you can't afford "X", then don't have "X". If you don't like "X", then don't do "X". If "X" is all mine, why should I share "X". etc, etc. Do any of your statements really have any depth and forethought that are worth reading?

6:40PM PST on Jan 21, 2012

LOL, the GOP thinks child tax credit reduction on the poor is going to save billions?! Ridiculous what they'll come up with to save such a teeny, weeny fraction of the wealth they sit on all gotten from the work of the middle and lower classes.

9:53AM PST on Jan 18, 2012

If you can't afford to have kids, you shouldn't be having them.

11:18AM PST on Jan 17, 2012

Anything to protect their ultra rich overlords.

1:20PM PST on Jan 15, 2012

single people always lose... sigh...

11:22AM PST on Jan 15, 2012

It's also interesting from the viewpoint that very wealthy people usually have far fewer children so they have no problem wanting to remove that deduction for others. End result???? Less income for the soon-to-be-no-longer middle class and poor.

8:02AM PST on Jan 15, 2012

Oh yes, and isn't it amusing that these same folks call themselves pro life? Like it's pro life to force people to have kids and then deprive them of the means to give those kids a future!

8:01AM PST on Jan 15, 2012

The GOP needs to go the way of the dinosaurs. They are nothing but greedy selfish bastards that care more about their own gain than the environment, our children, our elderly, our disabled... It is time we vote those pieces of poop right out of every office.
They sicken me.

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