Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

New Paid Leave Proposal Expands Tax Funding for Parents (1)

July 30, 2019, 12:41 PMUpdated: July 30, 2019, 4:24 PM

New parents would have access to $5,000 through a child tax credit that could serve as pay while they are out on leave, under a new proposal from Sens. Bill Cassidy and Kyrsten Sinema.

The long-anticipated bipartisan proposal would give individuals the option of getting cash immediately upon the birth or adoption of a child. Parents who elect to take the benefit would in turn offset their child tax credit by $500 annually over the following 10 years, according to a summary of the plan.

The parental benefit proposal from Cassidy (R-La.) and Sinema (D-Ariz.) is the first to ...