Romney To The Rescue

Getting your Trinity Audio player ready...


Senator Mitt Romney introduced the Family Security Act on Thursday. It would give parents up to $350 in guaranteed income per month per child. This is not a tax credit. It is a regular payment to help parents support their children, based on income level.

Progressive Playbook

This is a very progressive policy from Republican Mitt Romney, former GOP Presidential candidate. It would replace the child tax credit of $2,000 per child and instead pay qualifying parents $350 per month per child 5 years old and under, and $250 per year for children between the ages of 6 and 17. Parents with multiple children could get up to $1,250 per month, which is $15,000 per year.

High income parents would not receive the monthly income but would be able to claim this same value as a tax credit.

Will this pass?

Hard to say. Romney does have more bi-partisan pull than most politicians these days and the Biden administration may hop on to this, with a few tweaks.

Meanwhile, Democrats introduced the PRO Act on Thursday, aimed at boosting employee benefits and enacting stricter safety rules in the workplace. Republicans oppose this, saying that it will put undue burden on struggling businesses, meaning it is unlikely to pass the Senate.

The PRO Act would enforce fines on companies that violate workers’ rights, give employees more rights to strike, and disincentivize the use of independent contractors because it would give them the same rights as employees. It is a very pro-union bill, which is very much in line with our pro-union President but still needs anti-union GOP support, which is a steep hill to climb.




Share this article

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top