Utah legislator and former GOP presidential candidate proposed Family Safety Act
Republican Sen. Mitt Romney on Thursday proposed permanent monthly payments to American families, as the country witnessed a drop in birth and marriage rates and the economy’s coronovirus epidemic.
Under the Utah Family Jurist and former GOP presidential candidate’s Family Safety Act, $ 350 monthly payments are made per family, per child, to children under 5 years of age. Children between the ages of 6 and 17 will pay $ 250 instead.
“American families are facing greater financial stress, worsened by the COVID-19 epidemic, and marriage and birth rates are at an all-time low,” Romney said in a statement. “On top of that, we haven’t comprehensively improved our family support system in nearly three decades, and our changing economy has left millions of families behind.”
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For every $ 1,000 in income above the current child tax credit threshold, there will be less than $ 50 per child – which stands at $ 200,000 for single-filers and $ 400,000 for married couples.
Romney said, “Now is the time for families to help renew our commitment, as they help them meet the challenges they face as ever – we raise the children of our society We do.” “This proposal provides a way toward greater protection for American families by consolidating several complex programs to create a monthly cash benefit for them, without adding losses.”
Romney’s office estimated that the proposal could cut child poverty by 33% and make marriage more attractive.
Although it would cost billions more than the current child tax credit and earned income tax credit programs, Romney’s plan would increase billions in current exemptions, including cuts for key household conditions, child and dependent care credits, and State and local tax deduction.
K Matt Brunegg People policy project, A progressive think tank, rated Romney’s proposal as an improvement in President Biden’s plan to spend his family – but behind him. In particular, he took issue with Romney’s plan to eliminate state and local tax cuts – a program popular among Americans who pay higher state taxes.