Lexington-Fayette, Kentucky 2021-05-07 18:21:26 –
(LEX 18) — American Family Planning is the latest element of President Joe Biden’s ambitious agenda. The plan features tax credits, universal preschools, free community colleges, and other aspects. But how does this affect Kentucky families?
this week, White House Releases Information How the plan will affect Kentucky students, parents, workers and children.
One of the big influences is preschool. According to the White House, Kentucky has 110,880 children aged 3 and 4 and only 41% are currently enrolled in public kindergartens. The White House states that Biden’s plan will provide the rest with “free, quality access to kindergartens.”
Family planning in the United States also includes $ 225 billion to cover childcare costs. According to the White House, the money “allows low- and middle-income households to pay less than 7% of their income for quality care, produces lifetime benefits for 78,064 children in Kentucky, and earns for working families. Helps to get the. “
The White House’s fact sheet sets the average cost of raising an infant in Kentucky at $ 7,574 per year. This means that a household with two parents needs to spend an average of 9% of their income on childcare each year. And the cost is for only one child.
American family planning also saves students money for a two-year free offer of community colleges. The White House does not say how many people in Kentucky could be affected, but states that the average cost of a two-year degree in Kentucky is $ 5,460 per year. It will also increase the largest Pell Grant award by about $ 1,400 to support 92,168 students in Kentucky who rely on grants for education.
Biden’s plan extends the child tax deduction for the American Rescue Plan of $ 3,600 per child under the age of 6 and $ 3,000 per child by 2025. According to the White House, this extension will benefit 929,000 children in Kentucky, including 203,000 colored children. .. The proposal is estimated to rescue 66,000 children in Kentucky from poverty and reduce poverty among children in the state by 44%.