Mammoth AwardsThe next time you hear the American Families Plan mentioned on the news, you may want to pay closer attention. Why? Because President Biden’s newest plan is loaded with benefits for families. And if it gets approved and signed into law, this plan could positively impact you and your family’s well-being in more ways than one.
Here are some reasons why you should be rooting for this ambitious plan’s approval:
1. You could take leave from work without worry.
Imagine having to worry about work and income when one of the following happens:
- You have a baby.
- A loved one passes.
- Your military family member has to deploy overseas.
- You get sick.
- You have to take care of a loved one who’s sick.
With the American Families Plan, you wouldn’t have to worry about taking off work for one of those reasons. The plan would create a national leave program for family and medical reasons, and it would offer twelve weeks of benefits up to $4,0000 per month.
2. Health care would be cheaper.
Do you ever worry that you or a loved one could get sick and you have no way to pay for medical care? The American Families Plan would make health insurance more affordable so you could make that worry disappear. If approved, health insurance rebates from the American Families Plans could help you save $50 monthly per family member.
3. Your tax situation would improve.
A Child Tax Credit of $3,600 for kids under six and $3,000 for kids over six. Getting up to half of your child care expenses refunded as a tax credit. Plus, a permanent Earned Income Tax Credit for childless workers. All are included in the American Families Plan and would help many struggling families push past poverty.
4. Child care would be cheaper.
Kids ages three and four would get free, high-quality pre-school. Families struggling the most financially could get free child care. And those not eligible for free child care would only pay a small percentage of their income towards such services. If you have young children, these are all reasons to hope that the American Families Plan becomes official.
5. Your children’s nutrition wouldn’t falter.
When schools shut due to COVID-19, did you panic? You may have if your children received free or reduced-price meals. But once the Summer Pandemic-EBT hit, you probably felt relief, as the program gave you money for food while schools were closed.
Under the American Families Plan, this pandemic-linked program would become permanent, so your kids’ summer nutrition would no longer be an issue.
6. You or your kids could go to college at no cost.
Do you have teens getting ready to graduate high school? Would you like to get your degree or certification to increase your earning potential? Regardless of who’s attending, community college would be free with the American Families Plan.
