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Although it would cost billions more than the current Child Tax Credit and Earned Income Tax Credit programs, Romney’s plan would offset the increase by cutting billions in current exemptions, including on deductions for head-of-household status, child and dependent care credits, and the state and local tax deduction. insta360 go 3 LUKE LETLOW, 41-YEAR-OLD CONGRESSMAN-ELECT, DIES WITH COVID-19At least two other candidates who ran for the seat in last year's election have announced they intend to compete for the job again: Sandra "Candy" Christophe, an Alexandria Democrat who finished third in the race, and Allen Guillory, an Opelousas Republican. insta360 go 3 CLICK HERE TO GET THE FOX NEWS APPIncoming White House chief of staff Ron Klain will also issue a regulatory freeze memo on Wednesday that will pause any new regulations from moving forward and give the Biden administration a chance to review any regulations that the Trump administration tried to finalize in its last days. insta360 go 3 nbsp;PENNSYLVANIA WOMAN ACCUSED OF STEALING PELOSI’S LAPTOP IS TRYING TO COVER HER TRACKS ONLINE, JUSTICE DEPARTMENT SAYS Lawmakers considering surveillance increase in wake of Capitol riotsFOX News contributor Jonathan Turley joins 'Fox Report' to discuss the potential impact of possible domestic terrorism bill. insta360 go 3