Romney, Daines, Burr: Family-Friendly GOP Tax Reform

On Wednesday morning, Republican senators Mitt Romney of Utah, Steve Daines of Montana, and Richard Burr of North Carolina released a tax-reform proposal that would expand upon the child tax credit and pay for it by ending or streamlining other tax breaks.

Under their plan, the $2,000-a-year child tax credit offered under current law would become a $3,000-per-child benefit for families with children between the ages of six and 17 and a $4,200 benefit for each child under six. The benefit would be provided in monthly installments and would kick in four months before a baby’s due date.

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John McCormack

John McCormack is a former Washington correspondent for National Review and was a fellow at the National Review Institute.

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On Wednesday morning, Republican senators Mitt Romney of Utah, Steve Daines of Montana, and Richard Burr of North Carolina released a tax-reform proposal that would expand upon the child tax credit and pay for it by ending or streamlining other tax breaks.

Under their plan, the $2,000-a-year child tax credit offered under current law would become a $3,000-per-child benefit for families with children between the ages of six and 17 and a $4,200 benefit for each child under six. The benefit would be provided in monthly installments and would kick in four months before a baby’s due date.