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Biden Administration Issues Fact Sheet on the American Families Plan

|Proposed Changes|United States
United States

The Biden Administration has issued a fact sheet on the American Families Plan, which includes tax measures primarily aimed at providing further tax support for families and workers while increasing taxes on wealthier individuals. The main tax measures are summarized in the fact sheet as follows:

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TAX CUTS FOR AMERICA'S FAMILIES AND WORKERS

Extend expanded ACA premiums tax credits in the American Rescue Plan. Health care should be a right, not a privilege, and Americans facing illnes…

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