Obama Announces Initiatives For Middle Class

By: The Associated Press Email
By: The Associated Press Email

WASHINGTON - President Barack Obama is offering new ideas meant to help struggling people pay bills and care for their families, aiming to help a middle-class he says has been "under assault for a long time."

Obama and Vice President Joe Biden outlined a series of proposals that will be in Obama's budget next month.

They include a doubling of the child care tax credit for families earning under $85,000, a program to cap student loan payments for people carrying a big college debt burden and aid for families taking care of elderly relatives. The president on Monday spoke to members of the task force, led by Biden, that he appointed to help the middle class.

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