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Alpine Englewood Cliffs Tenafly
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68°
Friday, jun 28
Tag:
Economic Relief
News
Booker's $2,000 Annual Baby Bond Bonuses Reborn
A presidential campaign pitch to give every American baby up to $2,000 yearly until high school graduation has new life under a Democrat-led U.S. Senate. U.S. Sen. Cory Booker, a Democrat from New Jersey, introduced legislation on Thursday for the federal government to create a $1,000 savings account for every newborn American baby. Dubbed baby bonds, the U.S. government would contribute up to $2,000 every year depending on a family's income. In essence, they are annual federal "stimulus checks" for American children. Booker's bond idea, first suggested during his failed primary…