The article discusses President Trump's proposal for a $5,000 baby bonus for new parents and evaluates its potential impact. The author reflects on personal financial challenges faced during their first child's birth, highlighting the need for better support systems for families. It evaluates the proposed bonus against significant federal spending categories, questioning whether such a one-time payment would effectively address the ongoing needs of new parents and families overall, suggesting that a more holistic approach is necessary for real support.
In 2010, we went from two incomes to one, from one mortgage to two, and from two people to three. (And yes, I am now considered a financial expert.)
In honor of Mother's Day, let's look at the best ways to support new parents, working mothers, and our nation's children. And it doesn't include a one-time cash payment.
If the government were to go forward with Trump's $5,000 baby bonus proposal, Uncle Sam would be handing out over $18.3 billion to new mothers every year.
$18.3 billion in annual baby bonuses may represent a tiny portion of the federal budget, but it's critical to compare that to other spending affecting families.
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