You probably won’t see this part of the budget playing anywhere on the Left blogosphere

Giving a Hand Up to Low-Income Families
http://www.whitehouse.gov/omb/factsheet/giving-a-hand-up-to-low-income-families

….Spur Job Creation and Support Strong Economic Growth. While the economy has added jobs for each of the last 12 months, too many Americans families are still hurting and the unemployment rate is unacceptably high. That is why the Administration is continuing a series of targeted steps to spur job creation and economic growth in the short term in a fiscally responsible way. As 2010 ended, families across the Nation faced the prospect of rising taxes. The Administration not only prevented a tax increase, but also negotiated a series of measures to create jobs and protect vulnerable populations most affected by the recession by extending unemployment benefits for 13 months, preventing an estimated 7 million workers from losing their benefits as they search for jobs; allowing businesses to expense 100 percent of certain investments, which is estimated to generate more the $50 billion in additional investment and fuel job creation; and continuing the Research and Experimentation Tax Credit and Renewable Energy Grants, which accelerate the growth of these promising industries and allow them to hire more workers. The Budget also proposes an upfront investment of $50 billion in infrastructure as part of a new surface transportation bill that will result in additional job creation from projects that improve the Nation’s highway, transit, rail, airport, and air traffic control systems, making the U.S. more competitive going into the future.

Extend Tax Cuts for Families. Several tax breaks that are important to families across the Nation were part of the bipartisan Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act that the President negotiated and signed into law in December. The legislation extends the Child and Dependent Care Tax Credit at $1000 level, rather than letting revert to $500. It also expands its refundability, which continues a tax cut that goes to 10.5 million working families with 18 million children. The expanded Earned Income Tax Credit, which is worth up to $600 for families with three or more children, and reduces the “marriage penalty” faced by some working married families, was also extended. Finally, to help students and their families pay for college, the Act included several education tax provisions, including making the student loan interest deduction more generous. It also extended, until 2012, the new American Opportunity Tax Credit, a partially-refundable tax credit worth up to $2,500 per student per year that helps more than 8 million students and their families. The President’s 2012 Budget proposes to make that credit permanent.

Strengthen Unemployment Insurance. As part of the Bipartisan Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act, signed by the President in December, emergency unemployment benefits are extended at their current level for 13 months, preventing an estimated 7 million workers from losing their benefits over the next year as they search for jobs. Still, many States’ unemployment insurance (UI) systems are chronically underfunded and the economic downturn has severely tested their adequacy, leaving 31 states in debt at the end of 2010. To provide short-term relief in these States, the 2012 budget provides a two-year suspension of State interest payments on their debt and automatic increases in Federal unemployment insurance taxes while encouraging States to put their UI systems on firmer financial footing so they can pay back their debts and better respond to future economic conditions. The Budget does so by increasing the minimum level of wages subject to unemployment taxes to $15,000 starting in 2014, indexed after that. In 2014, the taxable wage base will be nearly the same in real terms as it was in 1982, when President Reagan signed into law the last legislation increasing the wage base. In addition, in 2014, the Federal tax rate will also be lowered to avoid a Federal tax increase. Despite the efforts of States to reduce improper payments, over $15 billion in UI benefits were erroneously paid in 2010, and the overpayment rate reached 11 percent, an increase from the previous year. The Administration will tackle this problem by boosting funding for UI integrity efforts and proposing legislative changes that would reduce improper payments and employer tax evasion.

Help States Provide Paid Family Leave to Workers. Too many families must make the painful choice between the care of their families and a paycheck they desperately need. The Family and Medical Leave Act allows workers to take job-protected unpaid time off, but millions of families can’t afford to use unpaid leave. A handful of States have enacted policies to offer paid family leave, but more States should have the chance. The Budget supports a $23 million State Paid Leave Fund within the Department of Labor that will provide competitive grants to help States that choose to launch paid-leave programs cover their start-up costs.

Support High-Quality Early Childhood Programs. Because effective investment in early childhood is so critical to children’s ability to reach their full potential and the Nation’s future economic health, the Budget includes $8.099 billion for Head Start and Early Head Start to serve approximately 968,000 children and families, maintaining the historic expansion undertaken with Recovery Act funds, in addition to the $350 million invested in the Early Learning Challenge Fund. The Budget similarly includes $6.3 billion for the Child Care and Development Fund, an additional $1.3 billion, to support 1.7 million children with child care subsidies. At the same time, the Budget invests in improved quality: proposing principles for child care reform that focus on improving quality, protecting health and safety, and strengthening early learning; and supporting proposed regulations to strengthen Head Start by requiring low-performing programs to compete for funding.

Reform Child Welfare. The Budget includes $2.5 billion over 10 years to support a comprehensive child welfare reform proposal in order to help prevent abuse and keep children in safe homes and out of long-term foster care placements.

Rest of the report is here...http://www.whitehouse.gov/omb/factsheet/giving-a-hand-up-to-low-income-families

nice to know the actual facts of the budget and not learn about the budget via misleading headlines....

The reduced funding for Pell Grants?

Maybe you could name the misleading one you're referring to.

TANKS! :D

It was part of December's compromise and something the GOP loves. John McCain ran on doubling the credit. They were not going to let that one expire back to pre Bush levels. No way in hell. Very telling that the administration is highlighting that. Also telling how this report in most cases doesn't indicate whether programs are being cut or increased and by what percent. Just saying "we're putting $8 billion in funding in this program" is meaningless without a context of what was going there in the last budget.

This is what it looks like. We're starting to find out who has to pay for this 'Bipartisan Tax Relief'. For starters, you do if you depend on LIHEAP to keep your house warm. There will be a long list before this year is done.

It does what they were trying to do before the tax cut deal. It extends the middle class tax relief, setting up the tax cuts for the wealthy to be able to expire without the ability to hold the middle class tax cuts hostage again.

on bringing facts into this rant???? :shrug:

facts are going out the window here at DU

"If this budget passed, Bush tax cuts for the rich would be DEAD after 2012" is sheer speculation. Before you and your friends preach to others about facts, you should learn to recognize what they look like.

the tax cuts were not extended in 2010? Gonna have to point that out to me in this thread. :shrug:

to learn what a fact looks like. I did not say that anyone else said the tax cuts were not extended in 2010, as you have implied. I would tell you that was a nice try but it wouldn't be factual.

SPECULATION that the rates will not increase IN 12/12 is now called a FACT. Got it!

Gonna have to point that out to me in this thread.

"Facts" that don't support tha anti-Obama narrative are discarded or ignored.

of websites....really sad.

I'm certainaly not going to spend my tax refund--it's going straight into saving. The piddling amounts involved for the bottom half make no difference to any sane person's yearly budget. And those with lowest earnings will have taxes INCREASED to to expiration of Make Work Pay.

So taking bits out and emphasizing only them don't give us a big picture, so thanks for posting this.