New York Democratic congressional candidate Jack Schlossberg is unveiling a new plan that would increase the IRS Child Tax Credit and make payments monthly instead of yearly.
The extra benefit payments — part of what he’s calling the “Monthly Moms Bonus” idea — would be financed in part by the $1 billion that some Senate Republicans are seeking to use to help fund the White House State Ballroom, according to Schlossberg’s campaign. Proposed tax reforms would cover the rest of the cost, the campaign says.
The proposed GOP funding for White House security updates has not passed the Senate and it remains unclear whether it will make it to President Donald Trump’s desk to become law.
NEW YORK, NEW YORK – MARCH 18: Democratic Congressional Candidate Jack Schlossberg speaks during Fortune CEO Initiative New York Dinner at Ci Siamo on March 18, 2026 in New York City.
Roy Rochlin/Getty Images for Fortune Media
Schlossberg, who is one of former President John F. Kennedy’s grandchildren, is expected to discuss the idea at a campaign event on Mother’s Day alongside his mother, Caroline Kennedy.
“It’s Mother’s Day, and the first thing I did was tell my own mother I love her, and the next thing I want to do is deliver a robust child tax credit that doesn’t wait a year to get to NYC families — but one that is deposited monthly into the checking account to be used right away,” Schlossberg said in a prepared statement.
The existing annual Child Tax Credit covers up to $2,200 for each child who qualifies, according to the IRS.
The first phase of the proposal being put forth by Schlossberg would have those payments be directly deposited once a month into qualifying parents’ bank accounts.
Under the second phase, Schlossberg is seeking to “restore and expand the Child Tax Credit to the levels used during the COVID-era American Rescue Plan,” with the credit being $300 per month for qualifying children under six years old and $250 per month for children aged six or older.
Schlossberg’s proposal would apply to all U.S. tax filers who qualify for the tax credit.
Schlossberg is one of several Democrats in New York’s 12th Congressional District hoping to be elected to the seat held by Rep. Jerry Nadler, who is retiring. The district covers Manhattan neighborhoods like Midtown, the Upper West Side and the Upper East Side.
Nadler endorsed his former aide, New York State Assemblyman Micah Lasher. Other candidates on the June 23 primary ballot include New York State Assemblyman Alex Bores, Lincoln Project co-founder George Conway and public health researcher Nina Schwalbe.