Democrats’ latest tax borrow print and spend idea is to pay people to have children. They are going to send out checks to the parents of every child (as long as the parent makes below a certain amount of money) in the amount of $3600 a year PER KID.
Let’s use my home state as an example: Florida’s minimum wage is $8.65 an hour. That means that a person making minimum wage earns $17,992 a year. SNAP is limited to those who earn no more than 130% of the Federal poverty line. That means that a family of three is considered to be SNAP eligible if they are earning about $26,000 a year or less.
Let’s use that as our example: A single mother of two, ages 10 and 6, who is earning minimum wage. She would receive $500 a month in SNAP benefits. That same woman would get $6,600 a year in Earned Income Credit. There are other aid programs out there that will get her more benefits, but let’s concentrate just on this for now.
Adding up all of her benefits, a woman making minimum wage has an annual income of nearly $45,000 a year, and the only taxes she pays is Social Security and Medicare at $1,350 for the year. Her effective income when adjusting for the taxes not being paid on her handouts? She is making the equivalent of $65,000 a year.
The most lucrative job to have is making more ‘poor’ people, who will grow up and vote for more handouts.