White House battles GOP tax cuts and reform plans
The White House denounces House Republicans for a tax cut plan seen as redistributing income to the rich. Panetta criticizes the package while highlighting support from some lawmakers for expanding child tax credits. The piece also notes Fed rate expectations and various political notes.
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Questions and Answers on Welfare Plan
A Washington explainer outlines welfare reform questions and answers. It notes that not all current recipients will keep benefits, immigrants lose most aid, and Aid to Families with Dependent Children ends as a guaranteed entitlement. States receive block grants and may supplement. Welfare work requirements rise, with time limits and penalties for noncompliance. Food stamps shrink, teen and teen mother cash aid is replaced by vouchers, and school nutrition funding declines but is not cut outright.
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