Free Republic

A proposal to provide monthly payments to most U.S. parents, similar to those under the pandemic relief program, would likely worsen poverty for children of single mothers, a study has found. The Family Security Act proposed by Sen. Mitt Romney (R-Utah) aims to cut child poverty by a third by providing most parents with monthly payments of $350 for each child under age 6 and $250 for each older child. The act is supposed to pay for itself by streamlining other child benefits and aid for low-income families. A Washington State University study published in Economic Modeling found that while...

Senator Mitt Romney (R., Utah) on Thursday unveiled a proposal for a monthly child allowance, in which most parents of children younger than six would receive $350 and parents of kids ages six to 17 would receive $250. Romney’s Family Security Act is similar to a Democratic plan to increase the child tax credit from $2,600 to $3,600 as part of Biden’s coronavirus relief legislation. Democrats want to boost the tax credit, make it “fully refundable” so that lower-income parents qualify, and have the Internal Revenue Service disburse the payments in advance on a monthly basis, essentially creating a child...