credit to afford their studies. 12 million families with 24 million children will benefit from extensions of the earned income tax credit and child tax credit and when combined with a payroll tax cut, 2 million american families who otherwise would have lived in poverty next year, will be lifted out of it. and millions of entrepreneur who have been waiting to invest in their businesses will receive new tax incentives to help them expand, buy new equipment or make upgrades. freeing up other money to hire new workers. putting more money in the pockets of families most likely to spend it, helping businesses invest and grow. that's how we're going to spark demand. spur hiring. and strengthen our economy in the new year.