Rep. Ritchie Torres’ Big Idea: Create permanent monthly child allowance payments to parents
Fox News
The Big Idea is a series that asks top lawmakers and figures to discuss their moonshot — what’s the one proposal, if politics and polls and even price tag were not an issue, they’d implement to change the country for the better?
Much like how Social Security and Medicare provide a safety net for American seniors, Torres wants parents to receive regular payments for each child up until age 18. The money would come in the form of an expanded child tax credit that would establish a basic, reoccurring income for families with children in America. "My highest priority is a permanent child tax credit, which is the most powerful tool we have for radically reducing child poverty in America," Torres told Fox News in an interview. Until this year, families could claim up to $2,000 a child as a tax credit, but millions of very low-income households missed out on the full benefit because their earnings were too low to qualify.More Related News