Senior Dems drafting plan to give parents $3,000 per child in Biden stimulus

Senior Dems drafting plan to give parents $3,000 per child in Biden stimulus
U.S. Treasury illustration/LU staff

[Ed. – Plan calls for using Monopoly money.]

Under one draft of the plan being discussed, the IRS would be tasked with depositing checks worth $300 every month per child younger than 6, as well as $250 every month per child aged 6 to 17. That would amount to $3,600 over the course of the year for young children, as well as $3,000 a year for older children, the officials said.

Unlike the stimulus checks, the Biden administration and Democratic lawmakers are hoping to make these child benefits a permanent government program that would continue in future years, according to three senior Democratic officials who spoke on the condition of anonymity to discuss internal planning. The current proposal only calls for the expanded benefit to be enacted for one year, after which Democrats widely hope political pressure will force Congress to extend them. The benefit would be phased out for affluent Americans. …

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