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Politics : Formerly About Advanced Micro Devices
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To: Bill who wrote (1567100)10/22/2025 12:05:29 PM
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The Biden Economy Has Ended: 5 Ways His Policies Helped the Middle Class Build Wealth

The Biden administration had introduced policies to strengthen the middle class financially. The changes in taxes, childcare support, infrastructure investment, healthcare, and housing helped a lot to add financial security to millions of Americans. GOBankingRates break down how these policies helped families save money, build wealth and find more economic stability.

Also find out the biggest changes to the average middle-class family’s finances changed during Biden’s presidency.

Tax Policy Reforms Increased Household Savings “I think Biden’s tax policy helped ordinary people breathe better financially. And it was more than simply meeting political pledges; it was also about real economics,” said Andrew Lokenauth, founder of BeFluentInFinance.com.

The expanded Child Tax Credit equal to up to $3,600 a child was much needed, per U.S. Treasury data. This credit was distributed to millions of households and played a leading role in cutting child poverty rate by 46% in 2021, according to an analysis from the Institute on Taxation and Economic Policy.



Biden also maintained tax breaks from the previous administration for middle-class earners making less than $400,000 a year. They dialed up taxes for corporations, changing rules so that the uppermost paid a fair share and helping the middle class breathe. Other tax benefits, like the Earned Income Tax Credit, offered millions of low-income workers cash to cover rent, utilities and food.
finance.yahoo.com
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