- Democrats are set to unveil a plan to issue monthly payments to families with children.
- Families would get a maximum of $ 3,600 per child under 6 and $ 3,000 per child 6 to 17 years old.
- GOP Sen. Mitt Romney released his own monthly cash benefit proposal last week.
Top Democrats will release details on Monday of legislation that would allocate $ 3,000 per child to millions of American families, a key part of President Joe Biden’s plan to tackle child poverty across the country, according to the Washington Post.
The plan, which is part of Biden’s $ 1.9 trillion economic bailout package, would increase direct family allowances distributed to families.
In the proposal, the Internal Revenue Service would issue $ 3,600 per year per child under six, or $ 300 per month; $ 3,000 would be provided per child aged 6 to 17, or $ 250 each month.
The benefit amount would be phased out for taxpayers who earn more than $ 75,000 per year, as well as for couples whose combined annual income exceeds $ 150,000.
Payments would be distributed to families monthly starting in July, the timing being determined by the need for the IRS to prepare for the new measures.
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Democratic Representative Richard Neal of Massachusetts, chairman of the House Ways and Means Committee, will launch his bill in the middle of the party trying to move quickly to advance Biden’s bailout in Congress through the reconciliation process budgetary.
“The pandemic is pushing families further and further into poverty, and it is devastating,” Neal said in a statement. “This money is going to make the difference between 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.”
The bill comes after GOP Senator Mitt Romney of Utah last week unveiled a proposal to send more direct payments per child to families.
Romney’s proposal, called The Family Security Act, would allow monthly payments of $ 350 for each young child and $ 250 per month for school-aged children.
“Now is the time to renew our commitment to families to help them meet the challenges they face as they undertake the most important job we have ever done – raising the children in our society,” Romney said. in a press release. “This proposal paves the way for greater security for American families by consolidating the many complicated programs to create a monthly cash benefit for them without adding to the deficit.”