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Kilili: House panel agrees with Biden’s $2K relief package
Delegate Gregorio Kilili C. Sablan (Ind-MP) said over the weekend that the U.S. House Ways and Means Committee has agreed with President Joe Biden’s commitment for a total direct payment to taxpayers of $2,000 by adding $1,400 to the $600 in the December relief package.
Since the last week of January 2021, taxpayers have started receiving the $600 economic impact payments, also known as the second stimulus.
The U.S. Department of Treasury approved the CNMI 2020 Recovery Rebate Credit and Second Economic Impact Payments Plan for $41.3 million.
In his e-kilili newsletter, Sablan also disclosed that the same committee approved last Thursday a section of the American Rescue Plan that extends through Aug. 29, 2021, the Pandemic Unemployment Assistance with a $345 weekly minimum, and Federal Pandemic Unemployment Compensation that is raised to $400 weekly.
At the same time, the committee increased the Child Tax Credit from $2,000 to $3,600 for each child under 6 years of age and to $3,000 for each child up to age 18.
“The federal government already covers 100% of the cost of the Child Tax Credit in the Marianas,” said Sablan, noting that the committee, however, agreed to add 100% reimbursement to the Earned Income Tax Credit for working families in the Marianas to the Democrats American Rescue Plan, as well, consistent with legislation that he first introduced in 2015.
He said the House passed his 100% EITC reimbursement but the Trump administration blocked it in the Senate with a veto threat.
