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Romney Backs Universal Cash for Kids

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Romney Backs Universal Cash for Kids

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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from 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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