We want to make sure that there is these types of tax credits to bolster housing.
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I have long advocated, especially on this committee, for building of more workforce housing.
But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.
The President has been very clear that no family earning less than $400,000 will face a tax hike.
The President has proposed in his most recent budget expanding the Child Tax Credit.
The Biden Administration has driven an historic economic recovery over the past three years.
15 million jobs have been created under President Biden; more Americans have health insurance than ever before; Democrats expanded Child Tax Credit, cut child poverty by over 40 percent and benefitted over 35 million families.
How is it that our corporations, our multi-nationals would remain competitive if they pay a rate on their foreign profits that is higher than 15 percent?
I do have concern about where we are going unless we undertake some significant steps to reduce the budget deficit.
We know that this is getting worse. And also, even on the other side of the aisle, I have conversations with a representative from Nebraska, and I asked him, what is the number one issue facing your district? And he said housing…
One of the things we are trying to do through two caucuses I started was--the Congressional Dads Caucus--is child care, the Child Tax Credit.
I recognize that the President's budget proposal for fiscal year 2025 invests in working and middle-class families by making child care and housing more affordable.
President Biden has made it clear he would never support cuts in benefits to those individuals.
The President supports no tax increases on families making under $400,000.
I heard your comments earlier about the success of the Direct File pilot program.
It was deliberately at a number that could ensure its success, actually.