Amidst the continuing economic downturn and increasing unease about the lingering high levels of national unemployment, President Obama is expected this evening to announce key investments for working families in his State of the Union Address.
The new policy initiatives he is expected to propose include doubling the child tax credit for middle class families, limiting student loan repayment rates to 10 percent of income above living expenses, creating required workplace IRAs, and expanding support for families balancing work with caring for elderly relatives.
Corporate Voices wholeheartedly supports initiatives to create lasting jobs, provide greater work-life balance and strengthen America’s economy for the long term. In fact, many key Corporate Voices’ initiatives echo the themes that are expected to be embraced by President Obama in his State of the Union Address.
Donna Klein, Executive Chair and Founder of Corporate Voices for Working Families, said: “All of us who are engaged in initiatives to improve the lives of working families and the prosperity of the United States economy are encouraged that President Obama is focusing the national agenda on measures to help workers and enable them to achieve a balance between work and family responsibilities.”
Klein was one of a select group of 130 national leaders from business, nonprofit organizations, and education who were invited by President Obama to share their ideas on job creation during the White House Forum on Jobs and Economic Growth in early December.
Corporate Voices will this week release its updated 2009 Employer Guide: Educate Your Employees About the Benefits They’ve Earned. The reference guide helps employers inform their employees about the Earned Income Tax Credit, Child Tax Credit, Medicaid, and other federal benefits to help workers keep more of what they earn.
Publications, research studies, and toolkits on a host of workforce readiness, flexibility, family economic stability, and work and family balance issues are available on the Corporate Voices web site at www.corporatevoices.org.
By Yvonne Siu