Mittmentum. On Sunday, Sens. Mitt Romney (R-UT) and Michael Bennet (D-CO) announced a bipartisan plan to do something pretty extraordinary: establish a basic income for children in the United States.
The plan is relatively modest . Parents would get a guaranteed $1,500 in cash every year per child under the age of 7, no matter their income, and $1,000 per child aged 7 to 17. Another $1,000 in benefits per child, regardless of age, would phase in with income, as occurs under the Child Tax Credit already in the federal tax code.
Right now the Child Tax Credit is only refundable […]
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