Republican Senator Josh Hawley will introduce a bill that would give married couples with children under 13 a $12,000 tax credit and single parents with children under 13 $6,000.
“Starting a family and raising children should not be a privilege only reserved for the wealthy,” said Josh Hawley in a statement. “Millions of working people want to start a family and would like to care for their children at home, but current policies do not respect these preferences. American families should be supported, no matter how they choose to care for their kids.”
Hawley’s bill wants to give freedom to parents regarding their work choices, hoping the money will provide more flexibility. The tax credit would be fully refundable to parents who have earned at least $7,540, which is the expected wages of working a minimum wage job 20 hours a week.
The IRS would deliver payments to parents and would create an online portal for parents to input their information. Parents could receive the money in monthly payments or a large lump sum when they file their taxes.
“We need a plan to help working parents that is pro-family and pro-work,” said Hawley. “I’ll be proposing legislation this coming week that gives a major tax cut to working parents to help them afford to start a family and raise their kids.”