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Washington, D.C. — Today, House Ways and Means Committee Chairman Richard Neal (D-MA) released the committee’s section of the fiscal year 2021 budget reconciliation bill, the legislation implementing President Joe Biden’s American Rescue Plan. The Ways and Means Committee draft would provide families with a child tax credit of $3,600 for children under age 6 […]
STATEMENT: The Family Security Act Demonstrates There Is Bipartisan Urgency in Addressing Child Poverty
Date: February 5, 2021
Contact: Julia Cusick
Washington, D.C. Yesterday, Sen. Mitt Romney (R-UT) announced the Family Security Act, which would provide a monthly benefit of $350 a month for young children and $250 a month for school-aged children. Crucially, the Family Security Act is not dependent on earnings, meaning that unlike the existing Child Tax Credit families with little or no federal income tax liability, who are often experiencing the worst poverty, would benefit. In a 2015 report, the Center for American Progress proposed making the child tax credit fully refundable, paid monthly, and inclusive of a young child component.
Despite Joe Biden’s defeat of Donald Trump, the November election was a bit of a letdown for Democrats. The party lost House seats, and Senate Republicans did better than expected, dashing progressives’ dreams of a transformational Biden administration.
Then January 5 happened. Democrats Jon Ossoff’s and Raphael Warnock’s victories in the Georgia runoff elections mean that the Democratic policy wish list has been disinterred even if the reality of a 50-50 Senate and slimmer Democratic margin in the House may force the party and the president-elect to temper their ambitions.
That gives Biden two years to move two years with a 50-50 Senate when he’ll be constrained by what moderates like Sens. Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) are willing to vote for.