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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

45 million Americans under winter storm watches near New England

Computer model projection showing the winds moving around the powerful East Coast storm on Saturday Jan. 29, 2022. Image: https://earth.nullschool.net

Nearly 45 million Americans are under winter weather alerts and warnings from North Carolina to northeastern Maine, as a major winter storm threatens the region.

Why it matters: It is predicted to be the biggest blizzard since 2018 to strike the Northeast with more than 2 feet of snow possible in parts of eastern Massachusetts, according to the National Weather Service.

2 hours ago - World

Australian PM pledges $700M for climate change-threatened Great Barrier reef

A green sea turtle is flourishing among the corals at Lady Elliot island in Australia's Great Barrier Reef. Photo: Jonas Gratzer/LightRocket via Getty Images

Australian Prime Minister Scott Morrison announced Friday a AU$1 billion ($703 million) investment plan for the Great Barrier Reef.

Why it matters: The nine-year plan for projects including water quality improvement, reef conservation and supporting some 64,000 tourism jobs comes months ahead of this year's federal election. It has been criticized by scientists and environmental groups for failing to tackle climate change.

Judge nixes Gulf of Mexico oil leases in climate-focused ruling

Tug boats prepare to tow the semi-submersible drilling platform Noble Danny Adkins through the Port Aransas Channel into the Gulf of Mexico on December 12, 2020 in Port Aransas, Texas. Photo: Tom Pennington/Getty Images

A federal judge on Thursday canceled the Biden administration's late 2021 sale of new oil-and-gas drilling leases in the Gulf of Mexico.

Why it matters: The ruling that the greenhouse gas emissions analysis by the Interior's Bureau of Ocean Energy Management (BOEM) was insufficient is a win for green groups that challenged the decision, as they seek to curb fossil fuel production.