(RepublicanDaily.org) – Expensive spending measures appear to be the order of the day for Democrats. Since Joe Biden’s entry to the White House, fiscal responsibility seems to have gone out the window.
We saw the latest example of this on Monday, February 8, as House Democrats put forward a spending proposal that would give as much as $300 per child in monthly payments to families. The American Family Act would benefit families with children 17 and under, with more generous grants for families with children under the age of 6. The bill was sponsored by Reps. Rosa DeLauro (D-CT), Suzan DelBene (D-WA), and Ritchie Torres (D-NY).
The money for this would come from extending the existing Child Tax Credit. As well as increasing the amount payable, it would turn the credit into a monthly payment, rather than an annual lump sum.
It’s not just Democrats in the House who think this kind of expenditure is a good idea, either. Senator Cory Booker (D-NJ) introduced a spending bill on Thursday that aims to create savings accounts for every child born from 2022 onward.
Not everyone thinks it’s a good idea, though:
The Biden administration wants to dramatically expand the welfare state—starting with an increase in the refundable “child tax credit” (a program that provides extensive welfare cash grants to families who owe no taxes)
Sounds “compassionate,” right? Here's why it isn't:
— Heritage Foundation (@Heritage) February 9, 2021
A monthly payment like this might sound great to people struggling financially. Economically, however, America cannot hope to support social welfare measures as lavish as these.
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