Sales taxes

Renewable Energy and Job Creation Act of 2008

hmoroz — Thu, 22 May 2008 17:49:06 -0400

Legislation

The middle class

Supports

Video Summary

Injustice Facts

Percentage of the benefits of the child tax credit that went to families in the top 40% of the income distribution in 2005: 60

Maximum percentage of the benefits of the child tax credit that went to families in the lowest 20% of the income distribution in 2005: 1

Estimated number of children that the child tax credit provision in the legislation would benefit: 13 million

Estimated number of children who would become newly eligible for the child tax credit under the legislation: 2.9 million

Estimated industry revenues from renewable energy and efficiency in 2006, in dollars: 970 billion

Estimated lost investment if federal tax credits for solar and wind energy are not extended, in dollars: 19 billion

Estimated jobs in the renewable energy and efficiency industry in 2006: 8.5 million

Estimate number of jobs that could be lost if federal tax credits for solar and wind energy are not extended: 116,000

Overview/Summary

Middle Class Position Analysis

The Middle Class Supports. While politicians are proposing short-term band-aids to deal with rising fuel costs, middle-class Americans are increasingly feeling the effects of an energy policy that harms the environment and favors large oil companies. The energy tax credit expansions and extensions in the Renewable Energy and Job Creation Act are part of a long-term strategy to alleviate high fuel costs, make the country more energy efficient, and ensure that the economy retains jobs in renewable energy and technology. Indeed, a recent study demonstrated that failure to extend energy tax credits for solar and wind power could result in the loss of 116,000 jobs. With the middle class already feeling the effects of weak employment, Congress must strengthen a renewable energy and energy efficiency industry that benefits both the environment and the economy.

Aspiring middle-class families with children are in a particularly difficult situation in an economy of high food, fuel, and health care costs. The Renewable Energy and Job Creation Act’s changes to the child tax credit would make 2.9 million additional children eligible for the benefit and would increase the benefit for 10.1 million more. Expanding the income floor for the credit means that very low-income aspiring middle-class families, who currently benefit less from the credit than higher-income families, will receive the support they need to make ends meet.

The revenue raising provisions of the Renewable Energy and Job Creation Act not only make the legislation fiscally responsible, but make the tax code fairer by eliminating loopholes exploited wealthy executives and multinational corporations.

Quotes from Experts

Beyond this Bill

Additional Resources

“Greener Pathways: Jobs and Workforce Development in the Clean Energy Economy”, from the Apollo Alliance

“Taxation and the Family: What is the child tax credit?” from the Tax Policy Center

“Families Helped by the Child Tax Credit Expansion Work Hard in Low-Paying Jobs” from the Center for Budget and Policy Priorities

Children's Health Insurance Program Reauthorization Act of 2007 [Revised bill]

atraub — Wed, 30 Jan 2008 18:08:54 -0500

Legislation

The middle class

Supports

Video Summary

Injustice Facts

Number of children who would have health care coverage by 2012 if this legislation passes who would otherwise be uninsured: 3.9 million

Increase in the number of uninsured children between 2005 and 2006: 611,000

Percentage of uninsured children who saw a doctor for a medical check up, emergency care, or any other reason during the previous year: 51

Percentage of insured children who saw a doctor in that time: 76

Overview/Summary

Middle Class Position Analysis

The Middle Class Supports: SCHIP has been highly successful at reducing the number of uninsured children, but a lack of funding has limited its reach, leaving 9 million American children uninsured in 2006. The shortfall has consequences, not only for children’s individual health and well-being, but for society as a whole, which bears the cost of preventable emergency room visits from children who never got preventive care. By renewing SCHIP and expanding it to more low- and middle-income children, this bill offers children a healthy start in life.

Steeply rising costs over the past several years have made health coverage unaffordable, not only for the poor, but also for a growing number of middle-class families. Since 2000, the premium that the average American employee pays for health coverage has risen more than 83 percent, increasing more than four times faster than wages. At the same time, more employers are dropping insurance plans entirely, and coverage is even more expensive for Americans who must purchase it themselves on the open market. Being able to take a child to the doctor for regular check-ups and immunizations is fundamental to a middle-class standard of living.

Quotes from Experts

Beyond this Bill

Additional Resources

The Center on Budget and Policy Priorities Health Policy page, with an SCHIP subsection

“Foundation Resources on the State Children's Health Insurance Program and the Debate on Its Reauthorization,” from the Kaiser Family Foundation

“SCHIP 101:What Is the State Children’s Health Insurance Program, and How Does It Work?” from Families USA

Children's Health Insurance Program Reauthorization Act of 2007

atraub — Wed, 24 Oct 2007 11:16:52 -0400

Legislation

The middle class

Supports

Video Summary

Injustice Facts

Number of children who would have health care coverage by 2012 if this legislation passes who would otherwise be uninsured: 3.8 million

Increase in the number of uninsured children between 2005 and 2006: 611,000

Percentage of uninsured children who saw a doctor for a medical check up, emergency care, or any other reason during the previous year: 51

Percentage of insured children who saw a doctor in that time: 76

Overview/Summary

Middle Class Position Analysis

Quotes from Experts

Beyond this Bill

Additional Resources

The Center on Budget and Policy Priorities Health Policy page, with an SCHIP subsection

“Foundation Resources on the State Children's Health Insurance Program and the Debate on Its Reauthorization,” from the Kaiser Family Foundation

“SCHIP 101:What Is the State Children’s Health Insurance Program, and How Does It Work?” from Families USA

Sales taxes

Renewable Energy and Job Creation Act of 2008

Legislation

The middle class

Video Summary

Injustice Facts

Overview/Summary

Middle Class Position Analysis

Related Blog: Header

Quotes from Experts

Related Blog: Text

Beyond this Bill

Related Blog: Link

Additional Resources

Children's Health Insurance Program Reauthorization Act of 2007 [Revised bill]

Legislation

The middle class

Video Summary

Injustice Facts

Overview/Summary

Middle Class Position Analysis

Related Blog: Header

Quotes from Experts

Related Blog: Text

Beyond this Bill

Related Blog: Link

Additional Resources

Children's Health Insurance Program Reauthorization Act of 2007

Legislation

The middle class

Video Summary

Injustice Facts

Overview/Summary

Middle Class Position Analysis

Related Blog: Header

Quotes from Experts

Related Blog: Text

Beyond this Bill

Related Blog: Link

Additional Resources