Paying parents to have babies

Paying parents to have babies

President Donald Trump has teased the idea of a new government benefit: a one-time $5,000 bonus to every parent upon the birth of a child. This “baby bonus” would mirror policies in many European countries and be separate from the annual child tax credit. With the U.S. birth rate at a record low and continuing to fall, the Trump administration is considering pro-natal policies. Evidence suggests that the most effective way for a national governm…