Politics

Biden Puts Focus on Financially Assisting Parents

After the historic COVID-19 pandemic has killed over 575,000 in the U.S. and damaged the economy widely, President Biden is putting increased focus on policy to assist parents.

According to Oxfam, over 50 million people in the U.S. live in poverty. The federal minimum wage has remained at $7.25 an hour since 2007. One of the largest groups in poverty is single women with children and the working poor. Twenty-five percent of African Americans in the U.S. live below the poverty line, according to Census data.

Before COVID-19, child care, preschool and basic parental spending had been an uphill battle for middle-class parents. With COVID-19 threatening jobs and economic stability, Biden is now set to propose and push monthly checks of up to $300 to parents through 2025.

During his first State of the Union speech, Biden emphasized the American Families Plan, which would pay for paid leave for caregivers and partially fund day care. The president is proposing an increase in the corporate tax rate and an increase in capital gains taxes to pay for his plans.

Former Secretary of Labor Robert Reich also detailed how Biden’s proposals could be paid for by directly saying the tax rates for wealthy Americans should be higher.

“Repeal Trump tax cuts: $500B, raise top marginal tax rate by 1%: $123B, wealth tax: $2.75T, Wall St transaction tax: $777B, eliminate loopholes: $119B and Fund the IRS: $1.75T,” Reich wrote, adding that the result would be a revenue increase of $6 trillion over 10 years. Biden has also already announced an increase in IRS enforcement for those earning over $1 million a year to raise revenue.

As the president moves forward with Democrats in Congress on his plans to strengthen the social safety net, he has to move quickly before the potential change in power after the 2022 elections. Democrats in the U.S. House control the chamber by only two seats.

Lauren Victoria Burke is an independent journalist for NNPA and the host of the podcast BURKEFILE. She is also a political strategist as Principal of Win Digital Media LLC. She may be contacted at LBurke007@gmail.com and on Twitter at @LVBurke.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Adblock Detected

Please consider supporting us by disabling your ad blocker