Mitt Romney, in an effort to shore up his liberal credentials, has offered up a new welfare plan that would pay families with children $350 a month each up to a maximum of $1,250.
Children up to five years old would receive $350 and from 6 to 17 would be $250 each and every month. There is a cap depending on your income level.
Individuals making over $200,000 and couples earning over $400,000 would see the amount they get shrunk by fifty dollars for every thousand dollars you make above the limit.
Romney claims it replaces other payments such as the child credit and would not increase the dent, but liberals always make that claim.
But, politically Romney has nothing to lose because he will never be reelected anyway. You can’t fool all of the people all of the time. The credit would be available to any child with a valid Social Security number. Families would be eligible for up to $15,000 dollars a year.
Mitt Romney is responsible for passing Romneycare in Massachusetts and other equally liberal policies. he was able to fool the voters in 2012 and he went on to be the second-worst GOP candidate ever just behind John McCain.
At least McCain had Sarah Palin but Romney took another liberal, Paul Ryan as a running mate. He lost in a landslide to slightly less liberal Barack Obama.
Romney’s plan would cut out Head-of-Household tax filing status, eliminating the Child and Dependent Care tax credit, abolishing Temporary Assistance to Needy Families benefits, and repealing the State and Local Tax deduction in the tax code.
This has no chance of passing as the Democrats want to eliminate the cap on deductions for state and local taxes, benefiting the rich by over $1 million dollars a year.
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While Democrats generally support expanding welfare programs and government payments to families, they are not likely to support Romney’s plan because of the provisions eliminating tax credits they favor.
As part of the $1.9 trillion coronavirus relief package proposed by President Joe Biden, Democrats want to boost the child tax credit from $2,000 to $3,600 and make it “fully refundable,” ensuring that parents who don’t owe taxes still receive a payment from the government. The Democrats also want the Internal Revenue Service distribute the child tax credit refunds in advance every month, essentially creating a monthly government payment to families distributed by the IRS by manipulating the tax code.