Stimulus check: Will there be a $ 1250 check soon?
Stimulus check: Will there be a $ 1250 check soon?

Stimulus check: Will there be a $ 1250 check soon?

There is a suggestion around American parents to deliver stimulus check.

Senator from Utah Mitt Romney proposed law on family security.

That The Family Security Act aims to reduce child poverty by giving most parents one $ 350 monthly payment for each child under six years and $ 250 for each older child up to 17 years.

The maximum allowable monthly amount per. family will be $ 1,250.

All families with one simple tax registrar make up for $ 200,000 and joint files households with children making $ 400,000 will secure the benefit.

What if I earned a little more than the limit?

According to the information received, single or shared files that earn more will receive $ 50 less for every $ 1,000 above the thresholds a family makes.

“In contrast to Child tax credit“There’s a catch to the proposal – the recipients have to work, volunteer or train for at least 80 hours a month, and that’s probably why it has not become official yet,” said Dave Basner.

“While members of both parties are committed to helping families, having a work requirement is an issue that is being negotiated at the moment.”

A study showed that Romney’s proposal could increase poverty in general

According to to Washington State Universitythe proposal aims to alleviate child poverty.

However Economic modeling made by WSU found evidence that would cause poverty to rise among single mothers families.

Single mothers families poverty could rise from 26.5% to 45.5%tripling the number of children in deep poverty.

“Using a structural model to evaluate this particular proposal shows that a reduction in incentives to work will create more poverty among single mother families, and therefore it will probably also increase deep child poverty,” he said. Salvador Ortigueirasenior author of the study and a WSU professor of economics.

According to the WSU survey, the proposal would replace Earned income tax deduction as low- and middle-income working parents receive when they file their taxes.

It would also remove another utility, Temporary assistance for needy families, to help pay for the cash transfers.

“There is a bit of a distinction between helping people in poverty with tax deductions versus unconditional income assistance. The current policy is a mixture of both,” Ortigueira said.

“Moving the mix from a tax deduction to a guaranteed income can have very small effects, especially for the population of single mothers, because they are very sensitive to these changes.”

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