The resident commissioner, Jenniffer González Colom, highlighted this morning the inclusion that will be extended to Puerto Rico on retail credit (CTC) and the work credit (EITC) in addition to sending $ 1,400 to individuals i extension of unemployment benefit in the draft of the new stimulus package for the pandemic, Unveiled last night by the Media and Arbitration Committee of the House of Representatives.
“The new COVID-19 grant project from the Media and Arbitration Committee includes our CTC and EITC projects that I have been working on bipartisan since I came to Congress. I thank the Committee Chair, Richard Neal, with whom I have discussed the measures, including them. These proposals are vital for the economic development of Puerto Rico; they also represent a relief for the working class, “González Colom said in a press release.
On the island, the Treasury is still in the process of depositing the $ 600 of the second federal economic stimulus package for the pandemic.
This four-year residency commissioner will file for HR 106, which would allow working families with 1 or 2 children to be eligible to receive a federal contributory credit of up to $ 2,000 per child. The Detail Credit (or Child Tax Credit -CTC) would benefit about 355,000 families and 404,000 children, representing $ 300 million annually.
Parents should file the claim directly with the IRS as they currently do for Puerto Rican residents with three or more children.
The commissioner also filed the HR105 to extend the Earned Income Tax Credit, this initiative is also contained in this draft. The federal government would make a pareo of up to three times the credit for Creole work.
These initiatives have been driven by the commissioner since her first term in Congress and are contained in her letter to President Joseph Biden where she presented him with a list of priorities for the island.
Economic stimulus check
It includes sending a check for $ 1,400 to taxpayers ($ 2,800 for those who make contributions as a couple) in addition to $ 1,400 per dependent. A dependent is not limited to a child, but to him the number of social insurance is linked to the surrender of income contribution. These checks are not subject to administrative, federal or state debts or alimony arrears.
The benefits of the First Act Families Coronavirus Response Act are extended for time paid for illness and paid family leave credits that expired March 31, 2021 through September 30, 2021.
Unemployment benefit, which expired in May, would now be extended to August and increased from $ 300 to $ 400 per week.
Employers who continued to be paid employees during the pandemic are extended the period to apply for credit until December 31, 2021.
The draft of the measure is expected to be formally filed today and tomorrow Wednesday will be put to a vote in the Committee on Media and Arbitration, there is still no date for discussion of the measure in the chamber.