(WTNH) – July 1 passed a number of new laws, one of which provides for financial investment for children born into poverty. The Connecticut treasurer hopes that this will be the first national example in the nation’s program.
A bill that seeks to close economic discrepancies. Its beneficiaries. Today, children born out of it are in the state Medicaid program known as Husky.
The first of its kind in the nation իծը The passionate project of Treasurer Sean Wooden, who grew up in poor North End, Hartford.
“We have to think long and hard if we are to take structural change seriously. “Deep changes, reforms that are real,” said Treasurer Sean Wooden.
It is advertised as a step towards correcting inconsistencies. At birth, money will be placed in trust. Beneficiaries can use it to cover education, home ownership, starting a business or retirement in Connecticut.
“The reason was that it had bipartisan support. Poverty does not know the postal code. “Poverty exists throughout the state,” said Matt Ritter, speaker of the House of Representatives.
For 12 years, the government will invest $ 50 million in bonds each year. Wood hopes that it will become a national standard.
U.S. Senators Richard Blumenthal և Corey Booker is among those sponsoring a similar event in the U.S. Senate known as the American Opportunity Report
“Do you want to go on vacation?” No. Do you want to buy a car? No. “The only way to reach that amount is when you turn 18, whether you want to start a business, go to school or buy a house,” said US Senator Richard Blumenthal.
The little girl growing up inside this future mom from Rocky Hill will be the beneficiary.
“She is OK. It takes a lot of weight off my shoulders. I started a savings account, I only have $ 50 there, ”said Talisha Tirado, a mother-to-be from Rocky Hill.
Connecticut is the only state in the United States to have a Baby Bond Program.
Puerto Rico groups have issued a written statement in response to this bill.
We are delighted that the Baby Bond Bill has become law. We are thrilled to see how many of those in poverty will reap the benefits of this very important legislation. “This is a small step towards closing the gaps in generational education and wealth, which has prevented many from accessing justice. The American Dream.”