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Biden s $4 trillion infrastructure plan promises to raise wages for some workers and create many jobs.
The spending plans resemble what Henry Ford and Jeff Bezos did: both founders raised wages as their companies grew.
Ford and Bezos increased productivity, which signals that Biden s plan could lift the middle class.
President Joe Biden is a man of the middle class. At least, he s trying to be.
He wants good jobs, blue-collar jobs, jobs that pay well, he said in a White House conference at the end of March. And he wants to give the middle class a raise.
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With Melanie Zanona.
LEND ME YOUR EARS, AND MONEY: The Cicadas are coming… and so are the earmark requests.
House members had to submit their requests by Friday, which means your Huddle host and Sarah had fun combing through them. The biggest takeaway: Vulnerable House Democrats and Republicans are heeding Speaker Nancy Pelosi’s advice to “take the dough.” At least, they’re trying.
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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
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Sanders has been a longtime advocate for raising the federal minimum to $15 an hour.
Biden also campaigned on a $15 minimum wage, but it was struck from his stimulus law.
While a $15 minimum wage is not a federal mandate, President Joe Biden is making it a reality for federal contractors. He s set to issue an executive order today mandating $15 an hour for federal contractors, Insider s Joseph Zeballos-Roig reports; the hike will go into effect by March 30, 2022.
Sen. Bernie Sanders, a long-time advocate for raising the federal minimum wage, praised the move on Twitter. I applaud President Biden s important action to raise the minimum wage for federal contract workers to $15 an hour, Sanders wrote. Congress should follow his lead and end starvation wages for the rest of the nation. Let s get it done.
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President Joe Biden s infrastructure package includes an increase in the corporate tax rate.
He briefed several bank CEOs on the package the morning before the announcement, the WP reports.
Business had a mixed response to it, while it has broken clearly with the GOP on several issues.
President Joe Biden wants to increase taxes on corporations with his American Jobs Plan and he let some leading business executives know before he announced it.
According to The Washington Post, the Biden administration briefed Brian Moynihan, the CEO of Bank of America, and David M. Solomon, the CEO of Goldman Sachs along with four other chief executives of the country s biggest banks the morning of the infrastructure plan s announcement.