$4,000 of payment could come for millions of Florida residents

Alissa Rose

As we all know, Floridians are already facing so much financial trouble due to the cost of living crisis, the climate crisis, and high inflation, so to help families in this challenging time, millions of residents in Florida could receive a payment of $4,000.

The U.S. Bureau of Labor Statistics report shows that the Consumer Price Index for All Urban Consumers increased by 10.7% over the previous year, which is higher than economists' predictions of an 8.8% increase.

However, the government also mentioned that every essential item's price has increased, including food, groceries, petrol, rent, and medical care.

What are the details?

This new plan was introduced by United States Senators Mitt Romney (R-UT), Richard Burr (R-NC), and Steve Daines (R-MT); this plan is known as the Family Security Act 2.0.

According to this newly proposed plan, most parents with children under the age of 5 would get a $350 direct payment each month (more than $4,000 annually).

Families may claim benefits for up to six children annually and choose whether to receive the benefits annually or monthly.

Only 35.5% of Florida residents do not have a family, which means 64.5% of the population would be eligible for benefits under this program if they had children.

Who is eligible for the Family Security Act 2.0?

  • As per this proposed plan, your yearly income must be $200,000 for single taxpayers and $400,000 for joint filers.
  • However, the family's annual income must be at least $10,000 to qualify for this plan. If the family's annual income is less than $10,000, they will get a benefit based on that amount.

What do you think about this new proposed plan? Give your valuable opinion in the comment section, and if you think more people should read this article, share it on social media and with your friends and family.

Disclaimer: This article is for informational and educational purposes only.

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