Specific points of Obama's plan to help working families include:
- Provide a middle class tax cut of up to $1,000 for working families, and eliminate the income tax for retirees making less than $50,000 per year.
- Address the challenge of balancing work and family by guaranteeing workers paid sick days, expanding the Family and Medical Leave Act (FMLA), supporting paid FMLA, and doubling funding for after-school programs.
- Help Americans buy and keep their homes.
- Protect American families by reforming bankruptcy laws, predatory credit card policies, and abusive payday lending practices.
- Reduce health care costs by $2,500 for a typical family.
- Strengthen retirement security by automatically enrolling workers in portable retirement accounts and providing additional incentives for Americans to save.
- Put the cost of college in reach by providing a $4,000 refundable tax credit available at the time of enrollment, and create a Community College Partnership Program to strengthen this vital resource for American students.
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