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The sheer magnitude of the $1.9 trillion stimulus bill masks its many components, but one of the most significant parts is an expanded child allowance. For the next year, American families will receive $300 monthly for every child younger than 6 years of age and $250 for every child age 17 or under, phasing out for couples earning more than $150,000.
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Second, I think payments should be concentrated toward the truly needy families and not diluted up the income ladder. It’s not clear to me why a high-earning couple would receive the same payment as someone at the poverty line, given we are in an environment of really having to worry about how each additional federal dollar is spent. I’d move the maximum income cap down.
And I’m sympathetic to the argument from Oren Cass at American Compass that there’s some sort of benefit floor. That at least one person in the household needs to be working and earning the amount the family is claiming in benefits — a good faith effort to participate in the social contract. But I don’t think this makes or breaks the program.
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One House Vote Just Exposed A Huge Rift In The Conservative Movement
American Compass’ Duncan Braid makes the case for conservatives to support the Child Tax Credit expansion in the Daily Caller
Americans Support a Generous Child Benefit Tied to Work
A significant opportunity exists for bipartisan cooperation on a permanent, expanded Child Tax Credit that maintains a connection to work.
Republicans Unveil Policies To Match ‘Working-Class Party’ Claim
Gerald F. Seib highlights American Compass’s Family Income Supplemental Credit plan as an example of recent “new-wave conservative proposals designed to help working-class families.”
