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House Democrats pushing for new child tax credit legislation

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House Democrats pushing for new child tax credit legislation

House Democrats on Monday will propose sending up to $3,600 per child to millions of Americans, as part of new legislation aimed at raising the child tax credit.

The bill would direct the Internal Revenue Service to provide $300 per month for 12 months for every child under six, totaling $3,600.

It also directs the agency to provide $250 per month for 12 months for every child between the ages of six to 17, totaling $3,000.

The size of the payment would vary based on income, going down in value for Americans earning more than $75,000 annually or couples earning over 150,000.

If passed, payments would begin in July.

The payments would not simply be tax credits to be deducted when Americans file in April. In its $1.9 trillion stimulus proposal, the White House called for an expansion to the child tax credit, but did not clarify how to do so. Neal’s legislation fills in those gaps with payments sent by the IRS, similar to how stimulus payments were sent.

While the legislation only lasts for one year, Democrats have said they would fight to make the credits become permanent.

“The pandemic is driving families deeper and deeper into poverty, and it’s devastating,” House Ways and Means Committee Chairman Richard Neal (D-Mass.), who is leading the effort, said in a written statement, “This money is going to be the difference in a roof over someone’s head or food on their table. This is how the tax code is supposed to work for those who need it most.”

In his $1.9 trillion COVID-19 relief package, President Biden had already proposed the child tax credit changes, though Neal’s effort differs in lasting for longer than one year.

Families can collect up to $2,000 per child under current tax laws.

The move could secure some bipartisan support — in the Senate, at least.

Neal’s legislation will be introduced less than one week after Sen. Mitt Romney (R-Ut.) introduced a similar proposal in the upper chamber of Congress that would send up to $1,250 per month to families with children.

The Senate-led effort would distribute payments through the Social Security Administration. It offered a universal child benefit of up to $4,200 per year for children five-years-old and younger, and $3,000 per year for those between the ages of six to 17.

The plan, Romney said last week, would immediately lift nearly 3 million children out of poverty.

“American families are facing greater financial strain, worsened by the COVID-19 pandemic, and marriage and birth rates are at an all-time low,” the 2012 GOP presidential candidate said in a statement, “Now is the time to renew our commitment to families to help them meet the challenges they face as they take on most important work any of us will ever do—raising our society’s children.”

It is not immediately clear if the two groups will join forces to push for a compromise on the child tax credit front.

The White House did not immediately respond to The Post’s request for comment on the House Democrats’ proposal.

With Post wires

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Florida snorkeler finds $1.5 million worth of cocaine

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Florida snorkeler finds $1.5 million worth of cocaine

A snorkeler off the Florida Keys found 25 bricks of cocaine on Wednesday, authorities said.

The drugs were contained inside a floating bale and were valued at over $1.5 million, according to the Monroe County Sheriff’s Office.

The snorkeler alerted authorities to the find.

The snorkeler “noticed a large black bundle wrapped in tape & contacted local authorities,” Chief Border Patrol Agent Thomas Martin wrote on Twitter.

Border Patrol agents responded and retrieved the drugs.

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Texas power operators overcharged companies $16 billion

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Texas power operators overcharged companies $16 billion

The Electric Reliability Council of Texas made a massive error that resulted in $16 billion in overcharges last month when millions of residents were left without power after a historic winter storm, according to a watchdog that oversees the power grid operator.

ERCOT set the maximum price of electricity at $9,000 per megawatt-hour, which caused the massive overcharges from 12 a.m. Feb. 18 to 9 a.m. Feb. 19., Bloomberg reported, citing Texas’ independent market monitor Potomac Economics.

The firm sent a letter to regulators recommending the pricing be corrected and that the $16 billion overcharge should be reversed.

The error also led several electric companies such as EDF Renewable Energy and Just Energy to ask the Public Utility Commission to reset the pricing, and others have asked regulators to waive their payments until the issue was resolved.

“If we don’t act to stabilize things, a worst-case scenario is that people will go under,” Carrie Bivens, a vice president at Potomac Economics, told Bloomberg. “It creates a cascading effect.”

More than 4.5 million customers were left without power during the storm, which claimed the lives of dozens of Texans amid record freezing temperatures.

Four ERCOT board members resigned after coming under fire for not living in the state and for their handling of the power outages.

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Tales of Cuomo’s toxic work environment go back to AG days

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Tales of Cuomo's toxic work environment go back to AG days

Gov. Cuomo created a toxic work environment that dates back at least to his time as state attorney general — and includes rages that can last for days, former aides and associates said Thursday.

Cuomo once chewed out an aide so harshly that “he made her cry,” a source familiar with the incident recalled. “Young people work for him thinking they will rise up with him. Older people are stuck because they need a job and benefits.’’ 

Back when he was AG from 2007 through 2010, Cuomo viciously teed off on a veteran State Police investigator in his 60s who accidentally mispronounced his name as “Como,” according to a source familiar with that incident. 

“What’s my name?” Cuomo thundered in front of a group of people. “How do you pronounce it? Spell it!”

In addition to berating the cop, Cuomo transferred him out of his security detail.

During his 2018 gubernatorial re-election campaign, an insider recalled, Cuomo apparently became “livid” just because his Republican challenger, Marc Molinaro, suddenly appeared at the Manhattan’s Columbus Day Parade and shook his hand.

A Cuomo spokesman said the governor “had a great time at the parade.”

“‎Many of us have been here for years and others have left and come back,“ senior adviser Rich Azzopardi said in a statement. “This job isn’t for everyone but we work hard every day to deliver for New Yorkers, and from a $15 minimum wage, to the strongest gun safety laws in the nation to free public college tuition we’ve cut through the red tape and delivered for New York.”

Meanwhile, the recent allegation by Assemblyman Ron Kim (D-Queens) that Cuomo threatened to “destroy” him isn’t the first time the governor has engaged in that sort of intimidation, according to a source who formerly worked with him.

About five years ago, the source said, he heard Cuomo bellowing into a phone, “I will destroy you!”

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