Citing the challenges of raising a family, particularly in the midst of a pandemic and record inflation, Utah Sen. Mitt Romney has reintroduced a plan that would provide monthly payouts to working families with young children.
The Utah senator says the proposed initiative would be fully funded by reworking and consolidating “outmoded” federal programs.
Rather than perpetuate additional government spending, the initiative would be funded by “reforming and consolidating outmoded federal programs” into one “easy-to-navigate policy,” the news release says. This includes reforming the Earned Income Tax Credit and eliminating the State and Local Tax Deduction, Head of Household filing status and the child portion of the Child and Dependent Care Credit.
Referencing the declining population, Romney said that one of the reasons people may be hesitant to get married and have children is because they don’t know if they can afford it. And many don’t know how to access the benefits currently offered to families. According to the senator, a quarter of people who are currently eligible for these types of benefits don’t apply.