alleviate financial strains on parents.Sen. Bill Cassidy, R-La., said he plans to repackage a paid family leave proposal that would allow parents to receive an advance of $5,000 from their Child Tax Credit when they gave birth or adopted a child.
The five-year pilot program is intended to help with the cost of daycare and other expenses, as well as replace wages for parents who take a leave of absence from their jobs.Under the Advance Support for Working Families Act, first introduced in December 2019 by Cassidy and Sen.
Kyrsten Sinema, D-Ariz., parents could receive $5,000 in the first year in exchange for reducing the annual Child Tax Credit by $500 per year for the next 10 years.Families are normally entitled up to $2,000 annually in.