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There appears to be bipartisan momentum for a monthly cash payment to families with children as GOP Senator Mitt Romney’s proposal echoes several Democrats who have discussed a similar idea. President Biden has also expressed an interest in the plan, which could become part of a post-COVID effort to address the problem of “income inequality.”
What sets apart Romney’s proposal that it addresses both spending and the deficit. The Utah Senator believes his plan could be revenue-neutral by eliminating some federal programs as well as reducing the cost of the earned income tax credit and repealing the state and local tax deduction in Donald Trump’s tax bill.
Sen. Mitt Romney To Propose Plan Giving Direct Payments to Families By Spectrum News Staff Nationwide PUBLISHED 12:36 PM ET Feb. 04, 2021 PUBLISHED 12:36 PM EST Feb. 04, 2021
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Utah Sen. Mitt Romney plans to introduce a bill to provide up to $350 per month per child for millions of American families, signaling bipartisan support for one of President Joe Biden s key initiatives from his $1.9 trillion COVID-19 relief bill: slashing child poverty in the United States.
What You Need To Know
Sen. Mitt Romney (R-UT) will introduce a plan to provide up to $350 per month per child for millions of American families
Romney s plan would immediately lift nearly three million children out of poverty, signaling bipartisan support for a key initiative from President Joe Biden s COVID-19 relief plan
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