{"id":18701,"date":"2022-03-04T07:08:12","date_gmt":"2022-03-04T07:08:12","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/03\/04\/stimulus-check-plans-would-resume-300-monthly-payments\/"},"modified":"2022-03-04T07:08:12","modified_gmt":"2022-03-04T07:08:12","slug":"stimulus-check-plans-would-resume-300-monthly-payments","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/03\/04\/stimulus-check-plans-would-resume-300-monthly-payments\/","title":{"rendered":"Stimulus Check Plans Would Resume $300 Monthly Payments"},"content":{"rendered":"

<\/a>\n
<\/p>\n

\n

Americans have received three stimulus checks<\/a> since the COVID-19 pandemic started in spring 2020 \u2013 $1,200 in March 2020, $600 in December 2020, and $1,400 in March 2021. In addition to those payments, many parents received up to $300 per month per child for the last six months of 2021.<\/span><\/p>\n

But Congress has appeared reluctant to move forward with additional stimulus checks and President Joe Biden\u2019s proposal to extend child tax payments through 2022 failed in the Senate. A new measure, however, would reinstitute the direct payments designed to help families.<\/span><\/p>\n

– Advertisement –<\/span><\/p>\n

Senator Mitt Romney, R-Utah, introduced the Family Security Act<\/a> that would send payments of $350 per month to eligible families with children ages 0-5 and $250 per month to those with children ages 6-17. The measure would also allow expectant parents to apply for benefits that would begin four months prior to their child\u2019s due date. The maximum monthly payment would be $1,250.<\/span><\/p>\n

Senator Mitt Romney On The Stimulus Check Plan<\/b><\/span><\/h2>\n

\u201cAmerican families are facing greater financial strain, worsened by the COVID-19 pandemic, and marriage and birth rates are at an all-time low,\u201d Romney said. \u201cOn top of that, we have not comprehensively reformed our family support system in nearly three decades, and our changing economy has left millions of families behind.\u201d<\/span><\/p>\n

For example, a married couple with two children ages 4 and 9 making $38,990 a year \u2013 150% of the federal poverty line \u2013currently receives an end-of-year lump sum tax return of $7,041. Under the Family Security Act, their annual benefit would increase by $2,318 with 75% coming through monthly installments.<\/span><\/p>\n

– Advertisement –<\/span><\/p>\n

Romney\u2019s plan calls for the stimulus checks to be reduced by $50 for every $1,000 above income thresholds- $200,000 for single filers and $400,000 for joint filers. It would also put work requirements in place for beneficiaries.<\/span><\/p>\n

Romney first introduced the bill last year but it failed to gain momentum among lawmakers. It\u2019s been revived recently as Biden\u2019s Build Back Better Plan \u2013 including extensions of a child tax credit \u2013 died.<\/span><\/p>\n

\u201cNow that it\u2019s clear \u201cBuild Back Better\u201d isn\u2019t moving forward and with bipartisan opposition to extending the President\u2019s ill-crafted Child Tax Credit, the Administration has an opportunity to actually work with Republicans and Democrats on lasting, fiscally-responsible family policy,\u201d Romney said.<\/span><\/p>\n<\/div>\n