Jack Schlossberg, Democratic candidate for New York House seat, proposes monthly Child Tax Credit payments
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Key Points:
- New York Democratic congressional candidate Jack Schlossberg is proposing to increase the IRS Child Tax Credit and transition payments from annual to monthly deposits, calling the initiative the "Monthly Moms Bonus."
- The plan would be partially funded by reallocating $1 billion that some Senate Republicans aim to use for White House State Ballroom security updates, with additional costs covered by proposed tax reforms.
- Schlossberg's proposal includes restoring and expanding the Child Tax Credit to COVID-era levels, offering $300 per month for children under six and $250 per month for older children, applicable to all qualifying U.S. tax filers.
- Schlossberg is running in New York's 12th Congressional District, which includes Manhattan neighborhoods, to succeed retiring Rep. Jerry Nadler, with a primary election scheduled for June 23 featuring several Democratic candidates.
- Nadler has endorsed Assemblyman Micah Lasher, while other candidates in the race include Assemblyman Alex Bores, George Conway, and Nina Schwalbe.
