Leading Democrats are about to introduce legislation that aims to provide $ 3,600 a year to millions of families who have children under the age of six as part of President Biden’s nearly $ 2 trillion aid package for coronavirus, according to a report on Sunday.
The Washington Post said it obtained the 22-page bill scheduled to be presented on Monday. The newspaper said that, according to the plan, families with children under the age of six would receive $ 3,600 per child from the IRS; families with older children can receive $ 3,000. The amount depends on last year’s turnover.
The Post reported that there is a lot at stake for Democrats regarding legislation and its success or failure may have ramifications in the 2022 Congressional elections because it can affect many families. The bill is likely to encounter resistance among Republicans.
According to the House Democrats’ plan, the amounts would start to decrease for individual parents who earn $ 75,000 annually and couples who earn $ 150,000. All families would receive the full amount, even if they owed no federal income tax, and payments to families would be made monthly.
Democrats are acting to accelerate Biden’s pandemic relief plan, with the Senate passing a budget resolution last week that allows them to pass the measure without any Republican adherence, using a procedural tool known as “reconciliation”.
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The legislation is expected to allocate $ 160 billion for vaccine distribution, increase the expansion of unemployment benefits to $ 400 a week through September, and include a third stimulus check for $ 1,400. This will increase the country’s already growing deficit, which hit a record $ 3.1 trillion in fiscal 2020, not including the $ 900 billion relief package approved in December.
Congressman Richard Neal, D-Mass., Chairman of the House’s Ways and Means Committee, said: “The pandemic is driving families increasingly into poverty, and it is devastating. This money will make a difference on a roof overhead. someone or food on your table. “
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The New York Times reported that some Democrats want to make legislation permanent to combat poverty in the U.S.
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Republicans, concerned about the national debt, are prepared to challenge the legislation. Senator Pat Toomey, a Republican, said: “Larry Summers is a liberal Democrat … in favor of big government spending and he said this is too much.”
Megan Henney and the Fox News Associated Press contributed to this report