Illinois Senate hopeful Raja Krishnamoorthi has unveiled his comprehensive "Restore the American Dream" economic plan, promising a free lunch for every kid in the country, and a hefty tax credit for first-time homeowners.
Krishnamoorthi's ambitious proposal aims to tackle issues such as affordability, education, healthcare, and housing, with a focus on supporting underprivileged communities. The plan includes expanding the child tax credit, while also introducing a nationwide free lunch program that would provide meals to every child in America.
The economic blueprint, dubbed "Restore the American Dream," encompasses all stages of life β from children to those in retirement. Krishnamoorthi's vision for seniors involves eliminating federal taxes on Social Security benefits and lowering medication costs by lifting the cap on new drugs selected for negotiation.
In an effort to promote affordable childcare, Krishnamoorthi proposes offering low-interest federal loans to entrepreneurs who establish child care facilities that pay their workers living wages. He also aims to increase funding for career and technical education through a bill to double federal investments in these programs.
The plan's housing provisions include implementing a refundable tax credit for first-time homeowners, while also pushing buildings previously zoned as "commercial" but now vacant to be converted into affordable housing units. Krishnamoorthi also advocates for legislation that would limit private interests from buying up single-family homes and create new incentives for homeowners to install solar panels.
Small businesses and farmers will also benefit from Krishnamoorthi's plan, which includes providing additional tax and regulatory relief for small businesses in underserved areas, as well as introducing a series of low-interest loans to help Illinois farmers affected by the Trump administration's policies.
Krishnamoorthi's ambitious proposal aims to tackle issues such as affordability, education, healthcare, and housing, with a focus on supporting underprivileged communities. The plan includes expanding the child tax credit, while also introducing a nationwide free lunch program that would provide meals to every child in America.
The economic blueprint, dubbed "Restore the American Dream," encompasses all stages of life β from children to those in retirement. Krishnamoorthi's vision for seniors involves eliminating federal taxes on Social Security benefits and lowering medication costs by lifting the cap on new drugs selected for negotiation.
In an effort to promote affordable childcare, Krishnamoorthi proposes offering low-interest federal loans to entrepreneurs who establish child care facilities that pay their workers living wages. He also aims to increase funding for career and technical education through a bill to double federal investments in these programs.
The plan's housing provisions include implementing a refundable tax credit for first-time homeowners, while also pushing buildings previously zoned as "commercial" but now vacant to be converted into affordable housing units. Krishnamoorthi also advocates for legislation that would limit private interests from buying up single-family homes and create new incentives for homeowners to install solar panels.
Small businesses and farmers will also benefit from Krishnamoorthi's plan, which includes providing additional tax and regulatory relief for small businesses in underserved areas, as well as introducing a series of low-interest loans to help Illinois farmers affected by the Trump administration's policies.