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Page 15 - சார்ந்தது பராமரிப்பு வரி கடன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Biden s Infrastructure Plan Reforms Tax Credits for Working Families

Chip Somodevilla/Getty Images Biden plans to expand the child tax credit for four more years and make the Earned Income Tax Credit permanent. He also wants to permanently lower premiums within the Affordable Care Act. The child tax credit expansion falls short of Democrats calls to make it permanent. Cornerstones of President Joe Biden s American Families Plan are helping middle-class families and reshaping the economy. One way he aims to do that is through the expansion of health care and child tax credits.  Ahead of Biden s $1.8 trillion infrastructure plan unveiling on Wednesday, the White House released a fact sheet detailing its key features, including universal pre-K, a national paid family and medical leave program, and free community college. It also includes several tax measures such as an expanded child tax credit and Affordable Care Act (ACA) premium tax credits, seeking to ensure low-income workers and children aren t taxed into pover

STATEMENT: The American Families Plan Would Boost Economic Growth, Create Jobs, and Confront America s Caregiving Crisis

John Podesta, founder of the Center for American Progress, released the following statement: The last year has put families particularly mothers under enormous strain, but the truth is that a lack of affordable caregiving, health care, and educational options thrust many Americans into crisis well before the pandemic. For decades, while corporations and the richest Americans amassed even greater sums of wealth, this lack of support for America’s human capital undermined our global competitiveness; starved families of opportunity; shortchanged the predominantly women workers and workers of color who provide essential care; and pushed millions out of jobs altogether, costing our country trillions of dollars in lost productivity. While the American Rescue Plan (ARP) is providing essential resources to help families weather the pandemic, President Biden’s unprecedented American Families Plan (AFP) sets a new course for good-paying jobs and strong economic growth that benefits everyb

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