Summary List Placement

GOP Sen. Mitt Romney has made an ambitious proposal to offer a near-universal annual child allowance of $4,200 for children under age 6, and $3,000 for children aged 6 through 17. Currently, the federal government offers tax credits to parents with children, but they are smaller than this and, crucially, you have to earn some income to qualify for them, so they don’t go to the very poorest families.

Romney’s plan also would be administered by the Social Security Administration instead of the IRS, which sounds like a trivial detail, but it’s important because it details ⇒

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