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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDemocrats to unveil $3,000 direct cash payments to families with children
Democrats will introduce a proposal attached to the next stimulus package that would provide $3,000-per-child direct payments in certain households.
Why it matters: The new legislation, led by Ways and Means chairman Richard Neal (D-Mass.), comes shortly after Sen. Mitt Romney (R-Utah) introduced a similar proposal, lending bipartisan support to expanding cash benefits for families with children.
The Biden Administration has reviewed and supports the proposal, according to the Washington Post who first reported the plan. The legislative proposal, reviewed by Axios, will be revealed Monday along with other Ways and Means provisions.
The IRS would begin depositing payments into bank accounts July 1.
The payments would come in monthly installments.
Qualifying household incomes would be based on the previous year with lower payouts for individuals making $75,000 for individuals and $150,000 for those filing jointly.
Eligible households with children 17 to 6 could receive payments of $3,000 for each child and $3,600 for children under 6.
https://www.axios.com/democrats-direct-payment-children-fba4eff1-8511-4b4f-ab85-92a4d431382f.html?utm_source=twitter&utm_medium=social&utm_campaign=organic
msongs
(67,199 posts)OrlandoDem2
(2,064 posts)The Democrats will point to Mitt and the crazies will be boxed in.
jimfields33
(15,473 posts)But that is just me.