Why Mitt Romney’s Family Plan Fizzled So Fast
President Joe Biden’s chief of staff called the Republican senator’s plan “encouraging.” So why does it seem to be dead on arrival?
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Republicans aren’t exactly pumping out fresh policy innovations these days. If anything motivates congressional Republicans, it’s retaking the majority in 2022 and placating the put-upon ex-president Donald Trump. “One hundred percent of my focus is standing up to this administration,” Senate Republican leader Mitch McConnell said earlier this month, succinctly capturing the spirit on Capitol Hill.
All the more reason that Senator Mitt Romney’s plan to send cash straight to parents raising children is such an anomaly. If you missed Romney’s proposal, that’s no surprise. He released it February 4, the day after House Republicans voted to retain Liz Cheney as the caucus’s third-ranking member despite her apostasy of condemning Trump (a vote of confidence that didn’t s
Why Mitt Romney s Family Plan Fizzled So Fast
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By Ryan Cooper
President Biden surprised the world when his administration came out in favour of an intellectual property waiver for coronavirus vaccines. The US is now backing an effort from India and South Africa to get a Trade-Related Aspects of Intellectual Property (TRIPS) waiver at the World Trade Organization (WTO), with the intent of expanding global vaccine production.
But it isn’t going to be that easy. Germany’s Angela Merkel has already come out against a waiver (one of the key vaccine firms, BioNTech, is based there), which could doom the effort because the WTO requires consensus. Luckily, there are other steps that Biden could take to accelerate vaccine production and distribution, which as we see in the ongoing viral conflagration happening in India, is absolutely vital. If the international community can’t get behind vaccinating the world, Biden should go it alone.
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Raising children is probably the most expensive (and the most important) job there is. Annual tax credits make parenting a tiny bit more manageable, but not by much, so the federal government plans to expand them temporarily.
Starting this summer, more than 39 million families will be eligible to receive child tax credit payments as part of Congress’s most recent coronavirus relief package. Parents who qualify will receive a monthly payment of $300 per child under 6 years old and $250 per child 6 years or older that will be deposited directly into their bank accounts on the 15th of every month for the rest of the year starting in July. That means an eligible family with three children ages 2, 6, and 9, for example, will receive $800 per month from July to December.
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