Learn Everything You Need to Know About the $350 Monthly Payment on Your Stimulus Check That Is Planned

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Sen. Mitt Romney, R-Utah, has suggested a new stimulus plan that would provide up to $350 in monthly payments to eligible families.

Individuals who accept the money must meet specific requirements, such as working a specified number of hours per week.

According to Mitt Romney’s staff, their proposal has not been made public and is now being negotiated with both parties before being finalized.

Everything you need to know about the new proposal may be found here.

Mitt Romney’s Proposals for a “Family Security Act”
Families with children under the age of five would qualify for a $350 stipend under Romney’s proposed Family Security Act, while families with children ages six to seventeen would qualify for a $250 award.

What You Need to Know About Your Stimulus Check’s Planned $350 Monthly Payment

The legislation also includes a provision allowing expecting parents to begin collecting compensation four months prior to the due date of their kid.

Monthly payments would be capped at $1,250 for families.

Rules and regulations pertaining to the “Family Security Act”
Mitt Romney’s plan calls for phasing out the payouts once people reach specified income levels.

Individual taxpayers earning more than $200,000 or couple taxpayers earning more than $400,000 would have $50 deducted from their monthly payments for each $1,000 earned beyond the threshold.

What You Need to Know About Your Stimulus Check’s Planned $350 Monthly Payment

Work Requirements

Work requirements are also included, another contentious aspect of Romney’s plan.

While the details of his plan are unknown, the majority of states with similar systems require beneficiaries of public assistance to perform at least 80 hours per month in either paid jobs, volunteer activities, or training.

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