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The IRS will begin making direct deposits of the new extended child tax credit payments today, July 15, through December 15.

The payments are part of the $1.9 trillion American Rescue Plan signed into law by Pres. Joe Biden.

The maximum credit amount has increased to $3,600 per qualifying child under age 6 and $3,000 per qualifying child between ages 6 and 17.

The IRS will pay half of the total credit amount in advance monthly payments of $250 or $300 based on the child's age beginning July 15. Parents can claim the other half on their 2021 tax returns in April 2022.

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The child tax credit is a fully refundable tax credit. But some families may have to pay some of the money back.

Individual wage earners with adjusted gross income (AGI) over $75,000 annually or couples earning over $150,000 annually are not eligible.

The credit will be reduced by $50 for every additional $1,000 of income over those limits.

For example, the $3,000 credit for a child aged 6 to 17 would be phased out completely for individuals earning $95,000 and for couples earning $170,000 and filing jointly.

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You don't have to be employed to receive the child tax credit. Parents who earn less than the minimum income or no income at all can still file to receive the expanded child tax credits. To do so, visit the IRS Child Tax Credit Update website here.

The increased child tax credit ends on December 15, 2021. But Biden will push Congress to extend the payments until 2025. Some Democrats vowed to make the increased child tax credit permanent.

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An Instagram model with three children to support is pleading with Internet users to donate money to GoFundMe to help her repay a PPP loan.

The woman named Lakeisha G. applied for an emergency Covid-19 relief loan and was approved for $20,000 in 2020.

Millions of Americans were also approved for loans for small businesses that only exist on paper or in their minds.

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Those fraudsters are now scrambling to find the cash to repay the loans or buy time to avoid prison.

Lakeisha launched a GoFundMe page to raise the money to repay her loan. So far, she has raised nearly $4,000 of her $20,000 goal.

The desperate mom wrote: "I got 20k ppp loan now the feds after me plz help I can't do jail!! I got 3 kids dat need me!!!"

In an update on Monday, she wrote: "Keep the donations coming y'all my kids need me out here frfr [sic]."

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In Georgia, hundreds of people have already been charged with submitting false claims to exploit taxpayer funded pandemic relief programs.

On March 24, ten people in Georgia, Washington DC and Maryland were arrested and charged with working as a group "to submit fraudulent loan applications on behalf of non-existent businesses as part of the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP)."

The defendants include 38-year-old Alicia Quarterman of Fayetteville, Georgia, who received $490,000. And Katrina Lawson, a former deputy sheriff for Fulton County, Georgia, who obtained at least $224,000 in PPP loans.

"The defendants allegedly abused both programs by submitting fraudulent applications and obtaining thousands of dollars that should have gone to support struggling businesses," wrote Acting U.S. Attorney Kurt R. Erskine in a statement. "We will work tirelessly to protect the integrity of the EIDL and PPP and to help small businesses stay afloat."

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Now that a new administration has been installed in the White House, struggling Americans are wondering when they can expect their $1,400 stimulus checks.

According to reports, the earliest Americans can expect their checks will be midFebruary or mid-March.

That's because Congress has to vote on the new $1.9 trillion Covid relief bill, and the earliest the bill can be approved is mid-February.

Democrats promised $2,000 checks if they swept the Georgia Senate run-offs in early January. The promises of $2,000 checks continued even after former President Trump signed the $900 billion stimulus package on December 27.

There was never a mention that the $2,000 checks included the $600 stimulus checks that were direct deposited in bank accounts on December 30, 2020 and mailed out on January 6, 2021.

Georgians who blanketed neighborhoods campaigning for the Democrats are angry and disappointed.

"I was on the ground and I knocked [on] over 1,000 doors," Atlantan Rogelio Linares told Mediaite in an interview. "At the doors, I was literally telling people, '$2K checks, you can rely on this.' I'm a man of principle and morals and I feel like shit. I lied to them. I was lying to them the whole time. I was lying to people that were relying on this. At the time I didn't know it was a lie. But that was not the reality."

In more disappointing news, Sen. Lindsey Graham said Wednesday there will be no $15 federally-mandated minimum wage included in the $1.9 trillion stimulus package.

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The stock market reacted negatively to the news that Joe Biden's $1.9 trillion Covid-19 relief plan contains $1,400 stimulus checks.

The market was unhappy that the plan doesn't include the $2,000 that the president-elect promised if the Democrats swept Georgia in the Senate runoffs.

Biden announced his 2-step plan of "rescue and recovery" on Thursday, Jan. 14. The $1.9 trillion stimulus plan will include $400 billion for vaccine distribution and Covid-19 testing, $130 billion to reopen schools, as well as billions in economic aid to small businesses run by Black and brown people.

The plan also includes a hike in the minimum wage to $15 per hour, extending unemployment benefits and the federal ban on evictions, both of which are set to expire in March.

"We have to act and we have to act now," Biden said.

His proposed bill is more than double the $900 trillion recently passed by Congress that included $600 stimulus checks for Americans, while billions were sent overseas to foreign countries.

About those stimulus checks: Americans were expecting Biden to keep his promise of additional $2,000 checks if the Democrats swept the Georgia Senate runoffs in early January.

Instead, the plan includes $1,400 stimulus checks, on top of the $600 checks already sent out -- for a total of $2,000.

  • $400 per week in supplementary unemployment benefits through September.
  • $350 billion to bailout mismanaged states, cities and territorial jurisdictions.
  • $160 billion to create a national program to mobilize vaccinations to 100 million people vaxxed in the first 100 days of the Biden administration.
  • $30 billion to help landlords pay their bills while their tenants live rent-free.
  • $25 billion for childcare providers.
  • Expanded food assistance, expanded child tax credits, and expanded medical and family leave of absence for illness.
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    Family members of undocumented immigrants who are in this country illegally will receive $600 stimulus checks in the new Covid aid package.

    Congress reached a $900 billion deal on Covid relief aid on Sunday after months of negotiations. The legislation includes a second round of economic-impact payments to Americans and non-citizens.

    According to the Wall Street Journal, households will receive $600 for each adult and $600 for each child or dependent, instead of $1,200 and $500, respectively.

    Eligible households include individuals with adjusted gross incomes under $75,000 and married couples who earn under $150,000.

    The new deal, ironed out by the Democrats, includes direct payments for "mixed households." Mixed households refers to "ineligible non-citizens" or people who are in the country illegally and were shut out of the $1,200 stimulus payments in the first round.

    The new legislation means non-citizens could get $600 checks plus $1,200 checks retroactively. Undocumented immigrants are eligible to receive a minimum of $1,800 before Christmas.

    Unemployed workers are eligible for a $300-a-week subsidy in addition to weekly state unemployment benefits.

    The legislation also extends to 50 weeks the amount of time unemployed workers can claim benefits. Most states typically provide 26 weeks of jobless benefits.

    Additionally, the bill contains $25 billion to extend the federal eviction ban moratorium.

    $22.4 billion was also set aside for Covid "testing, contact tracing, surveillance, containment, and mitigation."

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    Ice Cube is losing patience with Congressional lawmakers who are busy negotiating a $900 billion Covid-19 economic relief package.

    If approved, the new deal will send $600 stimulus checks to Americans who face hardship from lock downs, loss of small businesses and expiring unemployment benefits.

    The rapper is annoyed that the new Corona relief deal may not contain a financial bailout specifically for Black people.

    After news that a new Corona relief package may be approve any minute now, Ice Cube tweeted a video which he captioned: "Where is the Black bailout?!"

    Cube wondered how much of the stimulus money would be going directly to help Black businesses and into "the hands of people who don't have the best banking relationships."

    He fears that the Black community will be overlooked again in favor of other minority groups who wield more influence in Washington, DC.

    Cube stated that Black people are getting "caught up in a lot of other stuff," and he's tired of seeing Black people fighting and killing each other. Cube stated that "we need to cut that sh*t out."

    Cube ended his statement by telling his followers to "focus" and watch how much of the stimulus money is given to the Black community.

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    Congress is close to making a Covid relief deal that could include $600 checks for Americans who face hardship if their unemployment benefits expire on Dec. 26.

    Congressional leaders were close to making a $900 billion Covid relief deal on Wednesday morning. Negotiations include a new round of stimulus checks.

    Sen. John Thune told reporters he believed stimulus checks of $600 or $700 were part of discussions. He said the amount of the checks would be "double that for family and kids."

    He added that the extra unemployment benefit under discussion was about $300 per week -- half of the $600 per week sent out earlier this year.

    Lawmakers say the Corona relief package could "hitch a ride" on the government spending bill that must pass by Friday to avoid a government shutdown.

    The $600 stimulus checks could arrive in the mail or via direct deposit by Dec. 31 if lawmakers can make a deal this week.

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    Ice Cube laughed and referred to Black Democrats as "sheeple" in response to a follower who asked him who he voted for on Nov. 3.

    "Neither one...I've always endorsed the sheeple," he said.

    In a follow-up tweet, he wrote:

    "Let me get this straight, I get the president of the United States to agree to put over half a trillion dollars of capital in the Black Community (without an endorsement) and Niggas are mad at me? [crying laughing emojis] ...have a nice life."

    Other Trump supporters fear that, if Biden and Harris win, they will abandon the Black community.

    Social media users list the following that might impact the Black community:

    1. Lockdowns will begin in January.
    2. Significant job losses will negatively impact Black people.
    3. Evictions will skyrocket.
    4. National mask mandate that ends in 2022 (midterm elections).
    5. Black people forced to accept the "Mark of the Beast" (vaccines).
    6. Black men will be sterilized and Black births will drop.

    Others call Trump supporters "doomers" who spread conspiracy theories because their side lost. They point to the Democrats' promise to send $1,200 checks to Black people next year.
     

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    Incarcerated rapper Kodak Black hopes to work with President Donald Trump on his platinum plan. The Florida native became the latest rapper to hop on the Trump Train.

    Rappers Kanye West, 50 Cent, Ice Cube, Lil Wayne and Lil Pump have all expressed interest in Trump's platinum plan that promises economic recovery, jobs and funding for new businesses in the Black community.

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    Kodak, who was recently transferred to an Illinois prison for his safety, tweeted: "What do you think of the platinum plan? @bradfordcohen sent it to me and I read it, this is what the community need... more ownership. That plan is right! I want to help with justice reform when I am out as well. @realDonaldTrump #justicereform #prisonreform."

    The 23-year-old rapper pleaded with Trump to reduce his sentence in September, without success. He was sentenced to 46 months in prison in 2019 for allegedly falsifying documents to purchase a gun.

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    President Trump says the 2nd round of economic impact payments may be "way higher" than the $1,200 most Americans received earlier this year.

    Phase 4 of the comprehensive Coronavirus relief bill will not be voted on by tonight's deadline (July 31). The White House and Republicans in the Senate are working on a smaller bill than the one proposed by House Democrats.

    The Republican's economic stimulus bill would extend the federal unemployment benefits - but at a lower amount: $200 per week in addition to state benefits. The bill would also provide protection for renters who face evictions.

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    White House Chief of Staff Mark Meadows and Steven Mnuchin, Secretary of the Treasury, met with House Speaker Nancy Pelosi and Senate minority leader Chuck Schumer on Thursday to offer 4 proposals.

    One proposal would extend the $600 federal benefits for one week to give more time for negotiations. But Pelosi and Schumer rejected the proposals.

    On Friday, Trump said, "The Democrats do not care about the people of our country."

    But Pelosi said Trump and the Republicans don't care about the American people. "They resent America's working families."

    Republicans say the extra $600 benefit is a "disincentive" for Americans to go back to work because some people are making more money on unemployment than they would if they were working.