Why does the government continue to want to add fuel to an already burning fire? The fire in question is inflation, which was caused by all of the money printed and given away with no return during the Covid pandemic. Well, a revised proposal has been created by Senator Mitt Romney to create a sustainable monthly child tax credit in an effort to help American families during a time of financial strain.

The original proposal is built upon the Family Security Act 2.0 by encouraging work and supporting pregnancy. It will provide parents with $350/mo. for each child age five and under and $250/mo. for children aged six to 17. The proposal also mentions expecting parents will be eligible to earn $700/mo. for the last four months of their pregnancy.

“We must do better to help families meet the challenges they face as they take on the most important work any of us will ever do — raising our society’s children. This proposal proves that we can accomplish this without adding to the deficit or creating another new federal program without any reforms.”

Mitt Romney said in hopes that the federal program benefit will appeal to Americans.

An updated version of the proposal includes work requirements. The new plan implements an income threshold of $10,000 annually with those earning less than the $10,000 mark getting a proportional benefit depending on earnings. 3.5% of American families fall under this mark, according to the United States Census Bureau.

“The feedback I got from people outside of government and inside government is you need to have some connection to work. People need to be participating in the workplace.”

Mitt Romney said.

According to Romney and those co-sponsoring the bill, to fully fund the new plan, there will be a consolidation of “overlapping and often duplicative federal policies into direct support for families” and elimination of the “inefficient” State and Local Tax deduction.