Utah Valley Times

U.S. Senator Mitt Romney (R-UT) has introduced the Family Security Act, a piece of legislation aimed at reforming the Child Tax Credit. The bill seeks to modernize and streamline federal policies into an expanded Child Tax Credit for working families. The proposed changes include increasing the Child Tax Credit to $4,200 for each young child and $3,000 for each school-aged child. Additionally, it introduces a new $2,800 tax credit for expecting parents.

Romney emphasized that the bill is fully funded by consolidating existing federal spending. "When the Tax Cuts and Jobs Act of 2017 expires next year, the Child Tax Credit will be cut in half—leaving federal family policies inadequate, unpredictable, and scattered across the tax code," he said. "My Family Security Act solves this by generously supporting families without adding a penny to the national debt."

The senator expressed hope that this legislation would serve as a starting point during tax negotiations next year. "We must renew our commitment to support families raising children, and I urge my colleagues of the next Congress to do so in a fiscally responsible manner," Romney added.

The bill has received endorsements from various organizations including Susan B. Anthony Pro-Life America, National Right to Life, American Principles Project, Americans United for Life, March for Life Action, Concerned Women for America, CatholicVote, Lutheran Center for Religious Liberty, Democrats for Life, and Feminists for Life of America.

Hon. Marilyn Musgrave from Susan B. Anthony Pro-Life America praised Romney's efforts: "We applaud Sen. Romney for introducing the Family Security Act... The Family Security Act takes great strides towards this culture by providing support for parents of unborn children."

Jeanne F. Mancini from March for Life Action also expressed gratitude: "March for Life Action is grateful for Senators Romney’s effort to actively support children inside and outside the womb along with their families through the Family Security Act."

Full text of the Family Security Act can be found on Senator Romney's official website.