Senator Mitt Romney of the United States seeks to streamline current procedures in order to create a single universal benefit for children. The Family Security Act is the name given to this piece of law. Small children would receive $350 per month, while school-aged children would receive $250 per month under the proposed scheme.
Republicans and Democrats may be able to agree on a Republican-friendly Child Tax Credit thanks to this clause. There are some parallels to the Child Tax Benefit, but Romney’s policy does nothing to extend the credit. It’s important to remember this at all times. Instead, a child stipend would be provided to all qualified families.
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This Program Would Be Eligible for New Rules.
The expansion of this programme will allow more people to participate. Anyone making up to $200,000 a year can participate in this grant programme. The Child Tax Credit had a lower salary limit, so this is a big change.
Because the reimbursement for each kid is set at $1,250 per month, it is not available to bigger families. It is claimed by Romney that this strategy will reduce child poverty by a third.
Vote for or against this proposition. Do you think so?
