American Families Plan – 3rd phase of ‘Build Back Better’ agenda

April 28, 2021

Right now, too many Americans are struggling to meet basic needs and cover basic expenses. An economy that fails so many of us is not only unfair, it’s unsustainable. The American Families Plan is a once-in-a-generation investment in the foundations of middle-class prosperity – education, health care, and child care. It recognizes that policies to make life easier for American families must focus on bringing everyone along: inclusive of gender, race, or place of residence – urban, suburban, or rural. Beyond helping American families meet the needs of today, this plan powers the innovation and growth of tomorrow.

To read specific information about the
American Families Plan,
please visit here.

For a Fact Sheet, please visit here.

Benefits of the American Families Plan:

  • Free preschool for all three- and four-year old children.
  • Free community college education for the first two years.
  • Direct assistance to historically black colleges and universities, tribal colleges and universities, and institutions serving Hispanics, Asian-Americans and Native American Pacific Islanders.
  • Provide direct support for families who need child care. For most families under a certain income level, child care services would be capped at 7% of gross income.
  • Create a nationally comprehensive paid family and medical leave program so parents don’t have to choose between a paycheck and taking care of themselves or their families.
  • Extensions of middle-class tax cuts including the child tax credit and earned income tax credit changes recently enacted until 2025 – both of which put more money in the pockets of workers.
  • Provide incentives and payments to teachers.
  • Expand summer EBT to all eligible children nationwide.
  • Expand healthy school meals.
  • Reform unemployment insurance.
  • Expand the ACA premium tax credits in the American Rescue Plan on a permanent basis.
  • Make the increased child care credits permanent. This could allow up to a $8,000 credit for two or more children under age 13.
  • Allow the IRS to regulate paid tax preparers.

How the American Families Plan will be paid for: 

Alongside the American Families Plan, President Biden is proposing a tax reform agenda that rewards work – not wealth. The agenda includes the reversal of many tax giveaways from the 2017 tax law (GOP Tax Scam), as well as reforms to the tax code to ensure that the wealthy and corporations will play by the same rules as everyone else by closing loopholes that give major tax giveaways at the expense of working people. The resulting revenue will pay for the American Families Plan investment in education and childcare, tax relief for American families, and reduction in child poverty.

Read the official statement from USDA:
The American Families Plan Honors America’s Family Farms

 

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