President Biden Puts Focus on Financially Assisting Parents
The President is proposing an increase in the corporate tax rate and an increase in capital gains taxes to pay for his plans.
The President is proposing an increase in the corporate tax rate and an increase in capital gains taxes to pay for his plans.
I see the $6 trillion price tag on the Biden legislation as more of an investment than simple spending. A better-educated workforce earns more money, pays more taxes. A healthier workforce means less absenteeism, more efficiency, and productivity. Quality childcare means more women in the workforce —millions of women left in the wake of COVID. The investment makes sense to build our labor force back better.
“Since it became law more than a decade ago, the Affordable Care Act has been a lifeline for millions of Americans. The pandemic has demonstrated how badly it is needed and how critical it is that we continue to improve upon it,” President Biden stated.
California lawmakers have approved Assembly Bill (AB) 80 legislation spearheaded by Assemblymember Autumn Burke (D-Inglewood). The legislation will give a $6.2 billion tax cut to small businesses across the state that received loans under the federal government’s Paycheck Protection Program (PPP).