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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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Oren Cass Appears on CSPAN’s Washington Journal
American Compass founder and chief economist Oren Cass joined CSPAN’s Washington Journal to discuss the state of the U.S. economy.
Oren Cass: The rise of the pro-worker conservative is changing the US
A small but growing cadre of pro-worker conservatives is scrambling that playing field.
New Policy Brief: U.S. Needs More Commercial Spectrum for Economic Strength
The use of radio spectrum is increasingly important for America’s economic and national security, argues a policy brief released today by American Compass.
