Godsend child tax credits fade as West Virginia families adjust
In Charleston West Virginia the first monthly 2021 child tax credit deposits paused, leaving families like Andy and his wife in St. Albans short by 550 dollars monthly for essentials such as Girl Scouts ballet and shoes. The pause follows Senator Manchin’s opposition to extending the expanded credit, amid inflation. West Virginia IRS data show 305000 children benefited last month. half of the credit was distributed monthly with the rest due after tax filing.
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Retail sales soar in holiday period despite omicron risks
U S shoppers posted a record 14.1 percent rise in holiday sales year over year, led by strong early momentum. By December, spending slipped 1.9 percent from November with department stores off 7 percent and online purchases down 8.7 percent, prompting economists to temper expectations for 2022 amid inflation and labor shortages.
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Netflix hikes prices in US and Canada amid competition
Netflix raises monthly and plan prices by 1 to 2 dollars in the United States and Canada including the standard plan to 15.50 and the US most expensive to 20, while the Canadian price reaches 16.50 CAD. The move comes as the company pares growth in a saturated market and expands games investment. Separately, Rep. John Katko, a moderate Republican, announced retirement, ceasing reelection bid amid GOP defections after impeachment votes.
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