How does an additional $350 in cash per child every month sound? To be sure, it is possible with this new idea on the table. Senator Mitt Romney of Utah presented a new concept dubbed the Family Security Act (FSA) last month that would alter the way the government assists families with children.
The Family Security Act provides a monthly financial benefit to families with children worth up to $4,200 per year until the kid reaches the age of five and $3,000 per year until the child reaches the age of seventeen.
Romney’s proposal is anticipated to cost an extra $66 billion above and beyond the present child tax credit. Additionally, this proposal will phase out other government programs such as Temporary Assistance for Needy Families (TANF) and the child care tax credit.
Additionally, under this new system, families would get up to $350 per month for each kid and $250 per month for each school-aged child.
This new measure is extremely likely to streamline existing social assistance programs. By minimizing repetition and misunderstanding, individuals may devote more time to shaping their future. Currently, Illinois offers a range of programs to assist individuals and companies in need of financial support, including utility assistance, food access, and sales tax assistance.
You may learn more about them by clicking here. The benefit of the Family Security Act is that it will allow citizens to better manage their financial situations and even make the best decisions for their families. What are your thoughts on this novel proposal?