Republican leaders offer plan for CTC, continued
Romney proposed a new program called the Family Security Act which aims to reduce child poverty by providing similar stimulus payments to the Child Tax Credit.
The bill has yet to be formally proposed but it is being negotiated by both sides of Congress.
To qualify, families with a single tax filer must make less than $200,000 and joint filers must make less than $400,000.
While most families would receive the full benefits, Marca reported that households who made more than the requirements could also benefit from Romney’s proposal.
Apparently, single filers or joint filers earning more will receive $50 less for every $1,000 earned above the thresholds provided.
Unlike the Child Tax Credit, there will also likely be a work stipulation requiring recipients to work, volunteer, or train for 80 hours a month.
