Stimulus update: What to know about the plan for $350 monthly payments
The Family Security Act would provide monthly benefits of up to $350 a month for families with children ages 0-5 and $250 per month to those with children ages 6-17. The maximum monthly payment for families would be $1,250 and expectant parents would be able to apply for benefits to begin four months prior to their child’s due date.
The payments mirror those provided to millions of American families in 2021 under President Joe Biden’s American Rescue Plan. That plan provided payments of up to $300 per month per child from July through December of last year with the remainder payable through a tax credit this year. Congress failed to continue those payments past December and efforts for additional stimulus have failed to gain traction among lawmakers.
In a statement, Romney said his act “creates a new national commitment to American families by modernizing and streamlining antiquated federal policies.” “If enacted, low-income families would no longer have to choose between a bigger paycheck or eligibility for support. This plan would immediately lift nearly three million children out of poverty, while providing a bridge to the middle class – without adding a dime to the federal deficit,” Romney said.One big – and possibly controversial – element of Romney’s plan is the inclusion of work requirements for payment recipients.
Details on the exact requirements weren’t included in the plan but a common threshold for state-level benefits is 80 hours of work a month or a comparable amount of job training or volunteer work,
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
You might be eligible for monthly $500 stimulus payments if you live in this stateThe city of Chicago is preparing to launch a different kind of stimulus program - one of the biggest basic income efforts in the US.
Read more »
Android 12L is coming to tablets and foldables 'later this year' | EngadgetAndroid 12L is coming later this year, 'with planned updates from Samsung, Lenovo and Microsoft.'.
Read more »
As Car Prices Get Higher, Auto Loans Get Longer, And Longer — And LongerAuto loans get longer — as long as seven years — as borrowers seek lower monthly payments. There are problems with that strategy.
Read more »
How U.S. Stimulus Payments May Have Helped Fuel the Meme-Stock CrazeA new study finds that shares of meme stocks soared in the weeks after individual investors received their first two rounds of checks
Read more »
Russia attacks Ukraine: Cease-fire, humanitarian corridors planned in some areas (live updates)Follow along for the latest on the conflict between Russia and Ukraine.
Read more »
Live: Russia Plans To Bombard Odessa, Zelensky SaysUKRAINE UPDATE: Russia Plans To Bombard Odessa, Zelensky Says
Read more »