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President Biden Details His Tax Proposals For Individuals - Tax

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President Biden s proposals for individual taxpayers were
outlined in the April 28 address to Congress and in an 18-page fact
sheet released by the White House. The American Families Plan
contains tax breaks for low- and middle-income taxpayers and tax
increases on those “making over $400,000 per year.”
The American Families Plan contains many new social and
educational spending programs and here is a summary of some of the
tax proposals.
EXTENDED TAX BREAKS
Extend the Child Tax Credit (CTC) Increases in the American
Rescue Plan Act (ARPA) Through 2025 and Make the Credit Permanently ....

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Biden's New Families Plan Would Make This Perk for Childless Workers Permanent

Biden's New Families Plan Would Make This Perk for Childless Workers Permanent
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Background Press Call by Senior Administration Officials on the American Families Plan

Background Press Call by Senior Administration Officials on the American Families Plan
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COVID-19 Proposals Should Focus on Disease, Not Wasteful Spending Increases

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The COVID-19 pandemic, the deadliest of its kind in a century, created a wave of human suffering and severe economic disruption. In April 2020, the U.S. unemployment rate reached 14.8 percent, a full four points above the previous post–World War II high.REF
Amidst concerns that the economy could spiral into a new depression as a result of pandemic-related economic restrictions, legislators passed five relief bills that authorized over $4 trillion in combined spending.REF The combination of record-setting spending and reduced revenue caused a surge in gross federal debt, spiking from $23.4 trillion on March 13, 2020, to $27.9 trillion on February 9, 2021,REF an increase of over $34,000 per household in less than 11 months.REF ....

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