Sen. Mitt Romney (R., Utah) on Sunday evening announced a plan to give American parents up to $2,500 per child per year.
Romney's proposal, a bipartisan scheme with Sen. Michael Bennet (D., Colo.), would use the federal child tax credit to give parents at every income level $1,000 per child per year, with an added $500 for children under the age of six. To encourage work, the tax credit rises with income, up to an additional $1,000 per child.
"As negotiations over tax provisions developed, Senator Romney saw an opportunity to partner with Senator Bennet on pro-family, pro-child policy that would benefit millions of Americans," Romney press secretary Arielle Mueller told the Washington Free Beacon. "Their proposal builds on the work done by Senators [Marco] Rubio [(R., Fla.)], [Mike] Lee [(R., Utah)], and others to provide significant tax relief to more moms and dads across the country. By making the child tax credit fully refundable, the proposal will especially help parents handle the costs of raising children, while still encouraging work as the benefit phases higher alongside income."
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14 comments:
How much they going to give Elderly like myself? We live on a fixed income, being screwed by the low interest rates.
That's why Trump will not get my vote.
This is absurd.
Why do you think we have the 'single mom' problem that we do? Now IF you specified that this only goes to married couples filing jointly, that might be a starting point to figure something out.
Socialism by another name.
Last time I had kids and did my taxes I was already getting $2500 deduction, so in a sense, getting $2500 a kid already. This old bastard needs to crawl back under his rock! He is a Trump Hater!
Ignore Romney and his lousy ideas as he's a loser...and a big part of the Deep State.
9:57 did you read the posting right above this? Low interest rates on what?
Certainly would help the drug trade. I think he still has his dog on top of the car.
Romney can't give you anything they haven't already taken away.
What an idiot! Are they going to give me money for my kids who recently turned 18?
None. Your time has past my friend.
Someone PLEASE tell these goof that we are 22 TRILLION (read that again) in debt.
Instead of working on THAT, these goofs are CONSTANTLY trying to find new ways to spend money they don't have, but are absolutely willing to add new taxes to
act like its okay.
HANG THEM.
or,
Keep cheering. Yeah, I KNOW, YOUR GUY will fix things.....
No he won't.
LOL
9:57 If you're elderly and living on a fixed income, meaning social security I assume, higher interest rates will not effect you. How ever if you have enough in savings that higher interest rates will effect your bank account, you don't need any help from our great President
romney is just trying to buy votes
How about a decent raise for social security? Medicare goes up more than the raise for social security , so we get less money every time we get a raise. Just doesn't compute. And of course our supplemental insurance takes a big raise every year too. Born poor.........will die poor. The government will see to that.
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