Sen. Mitt Romney’s idea to reintroduce monthly stimulus payments to households across the country has yet to be officially announced, but additional specifics about how it would work are emerging.
Romney (R-Utah) proposed the Family Security Act, which, like the Child Tax Credit, would pay $350 per month to families with children under the age of five and $250 per month to households with children aged six to seventeen.
Up to four months before the child’s due date, expectant parents would be eligible for the benefits.
According to the Advance/sister unicanews.com’s site AL.com, Romney’s office indicated the legislation is still being negotiated and is not finished.
REQUIREMENTS FOR WORK
In contrast to the Child Tax Credit, Romney’s measure includes employment requirements.
The legislation, according to NBC News, has strict job requirements, though full details were not accessible. According to NBC News, state-level benefits require at least 80 hours of employment each month or an equal quantity of job training and/or volunteer work. In addition, the Family Security Act would remove several aid programs and make significant changes to the tax law.
The Utah senator collaborated with fellow Republicans on the bill, which received bipartisan backing as more Democrats approached Romney.
“Without adding a cent to the federal deficit, the plan will immediately lift nearly three million children out of poverty while creating a bridge to the middle class,” Romney stated.
TAX CREDIT FOR CHILDREN
President Joe Biden signed the Child Tax Credit into law as part of the $1.9 trillion American Rescue Plan, which aims to assist the US to recover from the coronavirus (COVID-19) pandemic.
Between July 2021 and December 2021, over 36 million eligible American families got financial assistance through the Child Tax Credit, which was paid out in monthly installments. Families might get up to $300 for each child under the age of six and up to $250 for children from six to seventeen.
There have been various petitions calling for more stimulus checks like the ones given out in 2020, but Congress has stated that it has no plans to do so, and President Joe Biden’s proposal to extend the Child Tax Credit through 2022 failed to pass the Senate.
“American families are under an increasing financial strain, which has been exacerbated by the COVID-19 pandemic, and marriage and birth rates are at all-time lows,” Romney stated. “On top of that, our family assistance system has not been comprehensively overhauled in nearly three decades, and our shifting economy has left millions of families behind.”
Romney claimed that his plan will reduce child poverty by up to one-third across the country, support families from conception to childhood, treat working and stay-at-home parents equally, and modernize and consolidate antiquated federal programs to fully fund the Family Security Act.
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“Now is the time to reaffirm our commitment to families, to assist them in meeting the obstacles they encounter as they do the most important job any of us will ever undertake: raising our society’s children. “By unifying the numerous intricate programs into a monthly cash benefit for them, my approach offers a route toward greater security for America’s families without adding to the budget,” Romney said.