Administration of Joseph R. Biden, Jr., 2024

September 10, 2024

Today's reports show we are making real progress growing the middle class, with incomes up more than $3,000 last year and up since Vice President Harris and I took office, accounting for inflation. In addition, health insurance coverage reached record highs under our administration thanks to our work to build on the Affordable Care Act and lower health care costs.

Let's be clear: We must do more to lower poverty by restoring the expanded child tax credit that cut child poverty nearly in half in 2021 and passing our plan to build millions of homes and make rent more affordable, policies congressional Republicans have repeatedly blocked. While congressional Republicans try to drag us backward by imposing a sales tax of nearly $4,000 per year on middle class families while cutting taxes for billionaires, the Vice President and I will keep fighting to lower poverty and build up the middle class by lowering taxes on families.

Categories: Statements by the President : Income, poverty, and health insurance coverage, U.S. Census Bureau reports.

Names: Harris, Kamala D.

Subjects: Child tax credit; Economic improvement; Health insurance, access and availability; Household income and wages; Housing, affordability and access; Inflation; Poverty reduction efforts; U.S. Census Bureau; Vice President.

DCPD Number: DCPD202400769.