Third Way’s Horwitz: American Families Plan turns government focus to middle and working class
WASHINGTON — Third Way today released the following statement from Gabe Horwitz, Senior Vice President of Third Way’s Economic Program:
"It’s the middle- and working-income families’ turn. The Biden-Harris Administration’s American Families Plan is a bold and forward-looking investment in middle-class prosperity, work, and economic opportunity. It makes working-wage and middle-wage work lead to a good and secure life. It dramatically ramps up the returns to work, creates more opportunity and inclusiveness throughout the economy, and prepares the next generation for success.
"With the American Families Plan, the Biden-Harris Administration is continuing to push for ambitious policies to better reward work in a post-COVID era. The plan’s investment in child care would keep costs down for families and help support working parents. It provides a dividend to working families and reduces child poverty by extending the fully refundable Child Tax Credit from the American Rescue Plan. The plan also demonstrates the Administration’s commitment to put students first in our nation’s higher education system thanks to massive investments in Pell Grants, Historically Black Colleges and Universities (HBCUs), and a grant program dedicated to improving completion and retention-related activities at colleges and universities serving low-income students. The plan permanently extends a critical expansion of the Earned Income Tax Credit for low-income workers. And it makes permanent the most important expansion of the Affordable Care Act to date by expanding cost caps to millions more Americans who buy insurance on their own.
Together with the American Jobs Plan, the Biden-Harris Administration is building an economy that will be prosperous, inclusive, and focused on rewarding work."