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Harris advertises childcare funds and family payments

Associated Press

Vice President Kamala Harris of the Biden administration Expand parenting Relieve the financial pressure of parent-child relationships during a visit to the Child Care Center on Friday.

Harris is discussing New Guidance on $ 15 Billion Grant to Support Childcare Programs, Future payments to the family from the child’s tax credit, and individual credits to help parents pay for care.

Outreach is part of the ongoing implementation of President Joe Biden’s $ 1.9 trillion bailout package to help the US economy recover from the coronavirus pandemic. While expecting millions of families to benefit from the virus, he emphasizes that the funding should allow more parents to work and boost economic growth.

“The pandemic didn’t invent these challenges, but it did accelerate them,” Harris said in Centronia, Washington. “The nursery school was closed. My parents are absent from work. My family’s budget has swelled.”

Harris talked about key administrative priorities while Biden was present Group of Seven Summit While the Democratic government has argued for government assistance to promote economic interests and improve people’s lives, many Republicans say that bailout packages can undermine the economy and the well-being of Americans. It states that it has been unleashed.

The administration is also seeking help to spend trillions of dollars to expand some of the relief packages that provide infrastructure, education, and family assistance. At a virtual meeting with a small business on Thursday, Cecilia Rouse, chair of the White House’s Economic Advisory Board, said support for workers would also benefit businesses.

“When employees no longer have to worry about not meeting the needs of their loved ones, they can be more productive, more careful and maintain the skills they need to succeed in the labor market.” Said Rouse.

The pandemic has forced many parents to give up their jobs, and the government is relying on $ 15 billion in childcare and development block grants to help people get back to work. This amount is in addition to the $ 24 billion that states, territories and tribes are already doing to stabilize the childcare sector.

According to the administration, one-eighth of childcare jobs have not yet returned after the pandemic closed many centers and schools. This assistance will be used to pay childcare providers and compensate caregivers, both aimed at improving access to and quality of service.

Harris also announced an outreach campaign on June 21 to allow families to receive child tax deductions. The bailout package will increase the size of the credit and the IRS will start paying on July 15th.

Eligible families receive $ 300 per month for children under the age of 6 and $ 250 for children between the ages of 6 and 17. Experts predict that this payment could cut child poverty in half.

The IRS estimates that 39 million households, which account for nearly nine out of every ten children in the United States, will already receive payments. Families who have not yet filed their taxes and have not signed up for direct payment of the relief package can continue to register.

The main goal of the administration’s outreach is to build support for extended payments that expire after a year and raise awareness that people can qualify for them.

On Friday, the IRS will release guidance on strengthening tax credits for the care of children and dependents. Families with incomes up to $ 125,000 are eligible for a tax credit of $ 4,000 for one child in 2021 and $ 8,000 for two or more children. In addition, this credit will be fully refunded. This means that low-income families with no tax burden may also be eligible for credit.

IRS employees will issue separate guidance on paid leave tax credits, which will offset the cost of employers to provide paid illness and family leave for events resulting from the coronavirus. This credit is given to employers with less than 500 employees. Employers can receive up to $ 17,110 for up to 10 days of paid sick leave and up to 12 weeks of paid family leave.

Harris advertises childcare funds and family payments

Source link Harris advertises childcare funds and family payments

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