The top Democrats are ready to pass legislation aimed at providing $ 3,600 a year to millions of families with children under the age of six, as part of President Biden’s nearly $ 2 billion coronavirus relief package, according to a report Sunday.
The Washington Post reported that he had obtained the 22-page bill that would be introduced Monday. According to the newspaper, families with children under six will receive $ 3,600 per child from the Internal Revenue Service; families with older children can receive $ 3000. The amount depends on the earnings of last year.
The Post reports that there is a lot at stake for Democrats regarding the legislation and that its success or failure could have consequences in the 2022 congressional election because it could affect so many families. The bill is expected to offer resistance among Republicans.
Under the House Democrats’ plan, the amounts will begin to be phased out for individual parents earning $ 75,000 a year and couples paying $ 150,000. All families would receive the full amount, even if they did not owe any federal income tax, and the payments to families would be made monthly.
Democrats are speeding up Biden’s plan for pandemic relief, with the Senate approving a budget resolution last week that would allow them to implement the measure without any Republican purchases using a procedural tool known as’ reconciliation ‘.
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The legislation is expected to allocate $ 160 billion for the distribution of vaccines, increase the extended unemployment benefits to $ 400 per week until September and include a third stimulus test worth $ 1,400. This will contribute to the country’s already shortfall, which reached a record $ 3.1 trillion in the 2020 financial year, not the $ 900 billion emergency relief package passed in December.
Rep. Richard Neal, D-Mass., Chairman of the House Ways and Means Committee, said: “The pandemic is driving families deeper and deeper into poverty, and it’s devastating. This money is going to be the difference in a roof. head or food on their table. ‘
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The New York Times reports that some Democrats want to make legislation permanent to fight poverty in the US
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Republicans, concerned about national debt, are prepared to challenge the legislation. Sen. Pat Toomey, Rpa., Said: “Larry Summers is a Liberal Democrat … in favor of big government spending and he said it’s way too much.”
Fox News’ Megan Henney and Associated Press Contribute to This Report