Romney’s Child Caps and Phase-outs Are Pointless
Click here to read.
Bruenig analyzes how much money Romney actually saves by capping his child allowance at $15,000 per family and phasing it out for income over $200K (for singles) and $400K (for married couples). The answer is that it only saves $7 billion per year, which is 2.8 percent of the total cost.