Sen.
Mitt Romney (R-Utah) on Thursday unveiled a proposal to provide monthly payments to families with children.
The proposal comes as many Democrats have similarly expressed interest in providing payments to families with children on a monthly basis.
"This proposal offers a path toward greater security for America’s families by consolidating the many complicated programs to create a monthly cash benefit for them, without adding to the deficit,” Romney said in a news release.
Under Romney's proposal, the existing child tax credit would be replaced with monthly payments of $350 for children ages 5 and under and $250 for children ages 6 to 17. Families would be capped at monthly payments of $1,250.
All children with Social Security numbers would be eligible for the payments, and parents would also be eligible to apply to start getting the benefit four months before a child's due date.