The quarterly report released Tues is based on data sent to the FBI from about 80% of the #law enforcement agencies in the country. Final detailed data for 2023 is expected to be released in the fall.

President Joe #Biden said the drop in the #murder rate was one of the steepest in the country's history. The $1.9T #AmericanRescuePlan, passed in 2021 by a #Democratic-led #Congress & signed by Biden, allowed cities & states to invest $15B on #PublicSafety.

#BidenHarris2024 #VoteBlue

@noondlyt

(2/3)

...new reporting requirements first announced in the #AmericanRescuePlan, third-party #PaymentApps will eventually be required to report earnings over $600 to the #IRS.

For your 2024 #taxes (which you'll file in 2025), the #IRS is planning a phased rollout, requiring payment apps to report freelancer and business owner earnings over $5,000 instead of $600. The hope is that raising the threshold will reduce the risk of inaccuracies...

The #poverty rate for #children during the final month of expanded #ChildTaxCredit payments under #Biden’s #AmericanRescuePlan Act was 12.1%, the center reported. The month after it expired, the child poverty rate jumped to 17%. It stood at 17.8% in November, the last month for which data is available.

…Disputes among #HouseRepublicans on Tues threatened to derail the legislation.

#law #taxes #LowIncomeFamilies #ChildPoverty

#Trump’s 2017 #tax #law doubled the existing #ChildTaxCredit from $1k to $2k per child. In 2021, #Biden’s #AmericanRescuePlan increased it to $3k for kids under 17, or $3,600 for kids under 6. That helped cut #ChildPoverty significantly. #Democrats sought to extend it, but most #GOP lawmakers — & Sen #JoeManchin III (D?) — opposed the move, & it expired at the end of 2021.

The expanded child tax credit kept 3 million #children out of poverty, acc/to Columbia’s Ctr on #Poverty & #Social #Policy.