Low- and moderate-income families would still pay more on average than they do today.
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Obama would extend the 2009 expansion of tax credits for low- and moderate-income families.
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Beginning this fall, low- and moderate-income students will receive free tuition at the state's premier public institution.
Such changes would shift the subsidy to people with low- and moderate-incomes who buy in low- and moderate-income neighborhoods.
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"It's very disappointing, " says Michael Shea, executive director of Acorn Housing, a Chicago advocate for low- and moderate-income borrowers.
Any remaining subsidy programs for housing should be smaller, better focused on low- and moderate-income households, on-budget (lodged in FHA), and transparent.
The government would partially match those contributions for low- and moderate-income workers.
The FHA was set up to help low- and moderate-income home buyers.
However, banking analysts warn the new consumer protections could paradoxically lead to a reduction in banking services for low- and moderate-income people.
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Funds under this program may also be used to expand full-day kindergarten once states have provided preschool education to their low- and moderate-income students.
The reason is simple: A consumption levy would not tax income from saving, and low- and moderate-income people save a lot less than the rich.
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In effect, low- and moderate-income taxpayers (who make most of their money from wages) will benefit a bit more from cuts in the corporate tax.
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His proposed increase in the tobacco tax would disproportionately affect low- and moderate-income taxpayers, who spend a bigger share of their income on cigarettes than the wealthy.
First passed in 1977, the CRA was "strengthened" in 1995, causing an increase of 80% in the number of bank loans going to low- and moderate-income families.
Unlike Mitt Romney, who would slash taxes for those with high-incomes while raising taxes for many low- and moderate-income households, Santorum would boost after-tax incomes for the vast majority of Americans.
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They found that, even with one form of rebate, this version of a VAT would impose a larger tax burden on low- and moderate-income households than an across-the-board income tax rate increase.
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For many of these same reasons, small businesses are important leaders in their communities, especially in low- and moderate-income (LMI) communities where they serve as major employers and role models for entrepreneurial bootstrapping.
Nearly all, however, would be low- and moderate-income.
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Providing assistance for carbon-tax-induced increases in energy bills to all low- and moderate-income households would require a major expansion of the program, a substantial increase in administrative costs, and possibly a major overhaul of the program.
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The U.S. Department of Education will allocate dollars to states based their share of four-year olds from low- and moderate-income families and funds would be distributed to local school districts and other partner providers to implement the program.
In order to ensure that our kindergartners spend the time they need in school to reach rigorous benchmarks and standards, funds under this program may also be used to expand full-day kindergarten once states have provided preschool education to low- and moderate-income four year-olds.
New financial regulations will force low- and moderate-income Americans out of the traditional banking system, according to a panel of banking analysts at a gathering of more than 600 Wall Streeters on Thursday just hours before the Senate was expected to approve the financial regulation overhaul bill.
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Under his proposal, the U.S. Department of Education would allocate dollars to states based their share of four-year olds from low- and moderate-income families (those at or below 200% of the poverty line) and funds would be distributed to local school districts and other partner providers to implement the program.
The credit is specifically targeted to help small businesses and tax-exempt organizations that primarily employ low and moderate-income workers.
Mr. Obama's plan calls for a new "federal-state partnership" that would allocate preschool funds to states based on the number of low and moderate-income four-year olds.
This is an under-the-radar tax on low-to-moderate income consumers, and it is absent implementation resistance because it is so well disguised as to be undetectable.
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It, like its Citicorp partner, could be covered by the Community Reinvestment Act, which encourages banks to invest in low and moderate-income neighbourhoods.
The Louisiana Budget Project, an initiative of the Louisiana Association of Nonprofit Organizations (LANO) that claims to monitor and report how state government spending affects low to moderate-income residents, created the analysis, and brings attention and scrutiny to a highly successful tax credit program.
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Despite these benefits, many people, particularly low-to-moderate income households, do not access mainstream financial products, such as bank accounts and low-cost loans.
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