By Nick Corasaniti, The New York Times, October 3, 2019
Senator Cory Booker of New Jersey rolled out a broad set of policy proposals on Thursday that seek to significantly reduce child poverty, including by offering a $300 monthly cash allowance to most families with young children.
Though many of the Democratic presidential candidates have introduced proposals to help working families, few of Mr. Booker’s rivals have offered a policy specifically aimed at cutting the child poverty rate. The Booker campaign said its plan would help at least 7.3 million children escape poverty, citing an analysis by researchers at Columbia University.
Earlier this year, Mr. Booker campaigned heavily on his “baby bonds” proposal, which would offer government-funded savings accounts for children that would be handed over as a lump sum when they turned 18, but could only be put toward “wealth-building” transactions like paying for college, buying a home or starting a small business.
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