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Rep. Richard Neal. Photo By Bill Clark/CQ Roll Call

Democrats will introduce a proposal attached to the next stimulus package that would provide $3,000-per-child direct payments in certain households.

Why it matters: The new legislation, led by Ways and Means chairman Richard Neal (D-Mass.), comes shortly after Sen. Mitt Romney (R-Utah) introduced a similar proposal, lending bipartisan support to expanding cash benefits for families with children.

The Biden Administration has reviewed and supports the proposal, according to the Washington Post who first reported the plan. The legislative proposal, reviewed by Axios, will be revealed Monday along with other Ways and Means provisions.

  • The IRS would begin depositing payments into bank accounts July 1.
  • The payments would come in monthly installments.
  • Qualifying household incomes would be based on the previous year with lower payouts for individuals making $75,000 for individuals and $150,000 for those filing jointly.
  • Eligible households with children 17 to 6 could receive payments of $3,000 for each child and $3,600 for children under 6.

What they're saying: “The pandemic is driving families deeper and deeper into poverty, and it’s devastating, Rep. Ritchie Neal (D-Mass.), chairman of the Ways and Means Committee, said in a statement.

  • "We are making the Child Tax Credit more generous, more accessible, and by paying it out monthly, this money is going to be the difference in a roof over someone’s head or food on their table," he said.

Go deeper

Dion Rabouin, author of Markets
27 mins ago - Economy & Business

The Fed could be firing up economic stimulus in disguise

Federal Reserve governor Lael Brainard at a "Fed Listens" event. Photo: Eric Baradat / AFP via Getty Images.

Even as global growth expectations increase and governments pile on fiscal spending measures central bankers are quietly restarting recession-era bond-buying programs.

Driving the news: Comments Tuesday from Fed governor Lael Brainard suggest the Fed may be jumping onboard the global monetary policy rethink and restarting a program used following the 2008 global financial crisis.

Democrats' hypocrisy moment

Illustration: Eniola Odetunde/Axios. Photo: Ray Tamarra/Getty Images

Gov. Andrew Cuomo should be facing explicit calls to resign from President Biden on down, if you apply the standard that Democrats set for similar allegations against Republicans. And it's not a close call.

Why it matters: The #MeToo moment saw men in power run out of town for exploiting young women. Democrats led the charge. So the silence of so many of them seems more strange — and unacceptable by their own standards — by the hour.

Police officers' immunity from lawsuits is getting a fresh look

Illustration: Aïda Amer/Axios

Nearly a year after the death of George Floyd, advocates of changes in police practices are launching new moves to limit or eliminate legal liability protections for officers accused of excessive force.

Why it matters: Revising or eliminating qualified immunity — the shield police officers have now — could force officers accused of excessive force to personally face civil penalties in addition to their departments. But such a change could intensify a nationwide police officer shortage, critics say.