House candidate Jack Schlossberg proposes monthly Child Tax Credit payments
Summary
Jack Schlossberg, a Democratic candidate for a New York House seat, proposes changing the Child Tax Credit to pay families monthly instead of once a year. His plan also aims to increase the credit to levels seen during the COVID-19 American Rescue Plan, providing monthly payments based on children's ages.Key Facts
- Jack Schlossberg is running for Congress in New York's 12th District.
- He wants the Child Tax Credit to be paid monthly, not annually.
- The proposal is called the "Monthly Moms Bonus."
- Monthly payments would be $300 for children under six and $250 for those six and older.
- The plan would use some funding from a Senate Republican proposal for White House security upgrades, as well as tax reforms.
- The current Child Tax Credit can be up to $2,200 per child annually.
- Schlossberg is the grandson of former President John F. Kennedy and will discuss the plan on Mother's Day with his mother, Caroline Kennedy.
- The seat is open because Rep. Jerry Nadler is retiring, and several candidates are competing for the position.
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