Chairman Neal unveils proposal to reshape the economy

Hampden County

SPRINGFIELD, Mass. (WWLP) — U.S. House Ways and Means Committee Chairman Richard E. Neal unveiled a new plan to reshape the American economy through universal paid family and medical leave.

The Building an Economy for Families Act would also guarantee access to child care, and permanently extend worker and family-related refundable tax credits from the American Rescue Plan.

“Our economy is premised on the idea that some workers are worthy of ‘perks’, like paid leave or affordable child care that works for their schedules, while the majority are forced to fend for themselves. For our economy to fully recover from this pandemic, we must finally acknowledge that workers have families, and caregiving responsibilities are real,” said Chairman Neal. 

The Building an Economy for Families Act also plans to:

  • Provide universal paid family and medical leave for all U.S. workers.
  • Increase funds for the Child Care Entitlement to States program.
  • Provide a new refundable payroll tax credit for child care providers to raise the wages of essential child care workers.
  • Permanently extends the American Rescue Plan’s historic expansions of the Child Tax Credit (CTC), Child and Dependent Care Credit (CDCC), and Earned Income Tax Credit (EITC).
  • Create a new Worker Information Network (WIN) to assist workers in accessing paid leave, unemployment insurance benefits, and child care.

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