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SALZSTADT – Sen Mitt Romney on Thursday unveiled a plan to see American families receive $ 350 a month for every young child and $ 250 for every school-age child

The Family Safety Act aims to streamline existing federal family guidelines to create universal child support, according to Romney, R-Utah, legislation would consolidate many complicated programs to create monthly cash payments for families without the deficit increase

“American families are facing greater financial burdens, made worse by the COVID-19 pandemic, and marriage and birth rates are lower than ever,” Romney said in a statement

“Additionally, we haven’t fully reformed our family support system in nearly three decades, and our changing economy has left millions of families behind,” he said. “Now is the time to renew our commitment to families to serve them help meet the challenges they face when taking on the most important work each of us will ever do – bringing up the children of our society ”

Thursday too, Sen Mike Lee, R-Utah and Sen Marco Rubio, R-Fla posted a joint statement on new proposals to further expand child tax credit that they successfully conducted in 2017, they say tax filing data shows it has had a positive impact on millions of American families

Lee and Rubio said they would prefer to keep the loan on 3500 USD and for young children to 4To raise $ 500, which is more than President Joe Biden suggests in his plan, Biden would raise it to 3$ 000 per child and 3rdIncrease $ 600 for children under 6 years old

But Lee and Rubio said they do not support the so-called “child benefit”, which is paid out to all parents as a universal basic income

“This is not a tax break for working parents It’s welfare, “the senators said. An integral part of the pro-family is the pro-work. Congress should expand tax credits for children without undermining parents’ responsibility to work to provide for their families”

Romney said his proposal would ensure expectant parents get the financial help they need to prepare for a child, and that low-income families would no longer have to struggle between getting a higher paycheck or maintaining eligibility state support decide

The Social Security Agency would manage the payments that would be available to all children with a Social Security number

Matt Bruenig, founder of the left-wing think tank People’s Policy Project, believes Romney’s plan is “better than Bidens” and worse than his own, and notes some differences between the three approaches

None of them exclude the poor from receiving child benefit, as is the case when families have to earn a certain amount of money in order to receive a child tax credit as it is not fully refundable

Romney’s plan has a more generous lifetime benefit, writes Bruenig, and limits the lifetime benefit to 62$ 600 versus Biden’s suggested 57600 USD

Romney’s proposal would also be administered by the Social Security Agency rather than through the Tax Code For Bruenig, who told the Deseret News that no other non-livelihood benefits – think Social Security or benefits for the disabled -, make more sense through the IRS Social security administration should increase participation, he said

“Child support would be more effective at delivering money to low- and middle-income parents than most other programs,” Andrew Cherlin, Griswold Professor of Sociology and Public Order at Johns Hopkins University, recently told Deseret News. p>

Under Romney’s plan, parents would be entitled to payment four months before their child’s due date with a maximum monthly payment of 1$ 250 The plan would instantly lift nearly 3 million children out of poverty while building a bridge to the middle class, he said

Monthly payment is $ 350 per month for children ages 0-5 and $ 250 per month for children ages 6-17

Romney suggests paying off the plan by eliminating multiple federal programs and income tax deductions, and consolidating overlapping and dual federal policies, Temporary Assistance to Needy Families and Head of Household Tax Return Status would be eliminated

The plan also eliminates state and local tax withholding, which Romney says is an inefficient tax break for higher income taxpayers. But most families who previously claimed the withholding would make more money through their larger monthly child support, he said / p>

Mitt Romney

World News – US – Sen Mitt Romney suggests sending cash to families monthly – permanently

Source: https://www.deseret.com/utah/2021/2/4/22266597/mitt-romney-proposing-monthly-cash-payments-families-covid19-poverty-financial-security