On The Cash: Breaking down Biden’s $1.8T American Households Plan | Powell voices confidence in Fed’s deal with on inflation | Wall Road basks in ‘Biden increase’

Have a nice Wednesday and welcome back to On The Money, where we prepare for something else shared session experience. I’m Sylvan Lane, and here’s your nightly guide to everything to do with your bills, bank account, and bottom line.

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THE BIG DEAL – This is what Biden’s $ 1.8 billion plan for American families says: President BidenJoe BidenTulane adds Hunter Biden as a guest speaker on media polarization Trump on the resumption of MAGA rallies: report Biden’s inevitable foreign policy crisis MORE On Wednesday, the American Families Plan will be unveiled, an ambitious package that includes $ 1 trillion in new spending and $ 800 billion in tax credits aimed at increasing access to preschool and community colleges, as well as childcare and Extend health care significantly.

  • Biden will explain the proposal in a speech to a joint congressional session where he is expected to set his agenda for the coming months.
  • The centerpiece of the speech will be the Family Plan, which will be rolled out less than a month after Biden unveils a $ 2.3 trillion infrastructure proposal.

But we already have details of what Biden will propose tonight.


  • The American Families Plan has a $ 200 billion program that provides universal pre-kindergarten for all three- and four-year-olds.
  • $ 109 billion for a tuition-free community college for any American who wants it.
  • $ 85 billion to increase Pell grants for low-income and minority students.
  • More than $ 4 billion in major scholarships, certification, and support programs for teachers.

Tax credits:

  • The plan would build on the provisions of the American Rescue Plan by indefinitely extending the Affordable Care Act tax credits and making the extension of the childless worker tax credit permanent.
  • It would make the child tax credit permanent fully available to the families with the lowest incomes, while other aspects of credit expansion, such as increasing the loan amount, will expand through 2025.

The proposal includes the creation of a national program for paid family and sick leave, more funding for catering programs for children and low-income families, and reform of unemployment insurance. The Hill’s Brett Samuels and Morgan Chalfant break it open here.

The tax increases: All of these new investments will be accompanied by a number of proposed high income tax hikes which, on their own, could be a major political boost.

The Naomi Jagoda of the Hill leads us through Biden’s tax plan here.

Read more about the American Families Plan:

  • President Biden will speak to Congress on Wednesday evening tense terms with the business community for proposals to increase the corporate tax rate and nearly double the capital gains tax for high-income Americans.
  • Key Democratic lawmakers said Wednesday they would keep pushing for that full expansion The Presidential Tax Credit (CTC) is set to be permanent after President Biden released a proposal that would only cement part of the expansion.
  • The Treasury Department on Wednesday announced more details on President Biden’s proposal to increase IRS funding Strengthen compliance According to tax laws, these initiatives would generate net sales of $ 700 billion over a decade.

Run the day

Powell is confident the Fed can get inflation under control: Federal Reserve Chairman Jerome Powell said Wednesday that rising inflation will offset itself as one-off, pandemic-related statistical quirks and supply chain disruptions subside.

During a press conference, Powell argued that the recent spike in the rate of price increases is almost entirely due to economic activity picking up after the collapse during the coronavirus recession outbreak.

“We’ll likely see some upward pressure on prices,” Powell said after the Fed announced that it would keep rates near zero percent and maintain the current rate of bond purchases in the reopening process. ”I Explain why here.

The background:

  • The US is expected to grow between 6 and 8 percent in 2021 as it contains the spread of COVID-19 and brings millions of people back to work.
  • Critics fear Biden’s recent $ 1.9 trillion in economic aid, plans for future spending, and loose monetary policy from the Fed will boost inflation as the US is already booming.
  • The consumer price index (CPI), a closely watched indicator of inflation, rose 2.6 percent between March 2020 and last month, and minus food and energy costs 1.7 percent.

However, Powell said Wednesday that summer inflation would continue to rise due to two short-term factors: The statistical effect of comparing a fall in demand with a sharp surge in demand and congestion caused by the reopening of the global economy.

“An episode of one-off price increases in the reopening of the economy is not the same as and is unlikely to result in sustained higher inflation year over year into the future,” he said.


  • The Senate Banking Committee will hold a hearing on “The Dignity of Work” at 10 a.m.
  • The Senate Finance Committee holds a social security hearing at 10 a.m. during the COVID-19 pandemic
  • A House Financial Services subcommittee will hold a hearing at 12:00 noon to close the racial and gender wealth gaps
  • A House Ways and Means subcommittee will hold a hearing on infrastructure investments at 1:30 p.m.



Gone to the canines: Robert Irwin voices a personality on ‘Bluey’ | Leisure

NEW YORK (AP) – Robert Irwin has long been a voice for animals. Now he is actually uttering an animal.

The 17-year-old son of the late conservationist Steve Irwin gives his voice to a character on the popular children’s animated television show “Bluish.”

“I’ve had so many fun, and great, and scary, and fun, and exciting adventures with animals. But I’ve never become an animal or the voice of an animal, ”he tells The Associated Press from his native Australia.

“Bluey”, produced in Brisbane, which focuses on a 6-year-old Blue Heeler puppy of the same name, her sister Bingo and her parents Chilli and Bandit, has developed into a worldwide phenomenon in just a few years.

The show was recognized for its ability to speak honestly about parenting and childhood, with realistic dialogue and creative play. It won an international Emmy Kids Award for best preschool program. It’s available on Disney Channel, Disney Junior, and DisneyNOW.

In the upcoming season two episode titled “The Quiet Game,” Irwin approaches an employee named Alfie on his first day at a toy store when Bluey, Bingo, and Bandit are looking for a birthday present for a friend of the kids.

The problem is that dad used to persuade his children to play quietly and that their heavy engagement has now backfired, forcing him to use charades to figure out which toys to buy. Then Alfie comes along and expertly translates the children’s notes. “Alfie, you rock star!” says dad after choosing the right toy.

Irwin who works at Australia Zoo, A 700 hectare facility on the continent’s Sunshine Coast, set up by his father, the “Crocodile Hunter”, used his knowledge of dingoes in the zoo and his own pug to empathize with the character.

“I feel like I have a lot to draw,” he said. “I definitely know a dog’s mind pretty well. And it was fun to slip into these shoes. “

According to Irwin, Blue Heelers – also known as Australian Cattle Dogs – are a cult breed from the outback who are wise and natural shepherds.

“They really are these amazing, intelligent, loyal working dogs,” he said. “If you’re looking to adopt a Blue Heeler, you definitely want to be ready for a very energetic dog.”

Irwin, who was only two years old when his father died in 2006, has continued Steve Irwin’s wildlife conservation and environmental education work with his mother Terri and sister Bindi. He usually makes documentaries, but took the chance to reach a different audience with “Bluey” and expand his family’s voice.

“For me it is in a way an immense honor and responsibility, but in no way a burden. It is a privilege to be able to carry on this legacy, ”he said.

“It is the most amazing honor every day to see that the incredible work my mother and father started continues, especially after we lost father. I know our number one priority was making sure that everything he lived and died for continues. “


Mark Kennedy is with https://twitter.com/KennedyTwits

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

Our Native Daughters convey Black ladies’s voices to forefront | Leisure

“There is stigma and there is a lot of pain and there is a lot of reasons why it is,” said McCalla.

Songs of Our Native Daughters, released in 2019 on the Smithsonian Folkways record label, focused on the stories of women during the transatlantic slave trade, but also on the triumphs of black women. One song focuses on Polly Ann, the wife of the steel folk hero John Henry, while “Quasheba, Quasheba” is about Russell’s African ancestor who was bought as a slave.

“People are ready to deal with this story, and I think doing it with music is the best way to disarm a person,” said Kiah.

Kiah received a Grammy nomination for her song “Black Myself” from the record, which she incorporated into a new version released on Friday. The song deals with racial discrimination that focuses on the darkness of a person’s skin, inspired by experiences they have seen in their own life as well as historical accounts.

“There’s this idea that the lighter you get, the more you are respected by the white supremacist society that they lived in, that we still live in,” Kiah said.

The documentary shows her on tour in front of a largely white audience, a topic that sparked a lot of internal discussions in the group. They are not responsible for how their music is marketed in a commercial music industry, but what does it mean if they don’t reach a black audience?

QCT and Teen REACH associate for Quincy Teen Voices | Arts & Leisure

QUINCY – In early 2020, members of the Quincy Community Theater discussed ideas with Quincy’s Teen REACH (Responsibility, Education, Achievement, Caring, Hope) program to find a way for children to express themselves in the program and get a taste of theater life . And then, as was often the case last year, all plans had to be put on hold.

Towards the end of 2020, the new Healing Illinois Scholarship, partnered with the Illinois Department of Human Services and the Chicago Community Trust, announced QCT as recipients, and the plan has been put into action again.

The idea of ​​Quincy Teen Voices was born when QCT’s Student Theater Director and Head of Education, Brendan Shea, worked with Chris Turner, Program Manager at Teen REACH.

“Quincy Teen Voices is a perfect synthesis of the missions of our two organizations,” said Shea. “I am very excited to be working with a thoughtful, diverse ensemble of teenagers on this important project.”

Quincy Teen Voices brings together a diverse cast of local teenagers to create a short play inspired by students’ real-life experiences of racial injustice, friendship, and coming of age in Central America. During several weeks of workshops at Teen REACH and the Quincy Community Theater, the original play was created using each student’s writings, improvisation games and discussion groups.

Final production began last week and will be available via streaming on February 22nd.

Cheryl Williams is the administrator of Bella Ease, a non-profit group that administers the Teen REACH program in Quincy. She expressed her hope that the program will teach participants that they have the freedom to speak their minds.

“Teen REACH is excited to partner with QCT to provide our youth with a platform to empower them,” Williams said in a statement. “Not just in their lives, but in our community.”

“We know they have a voice, they have thoughts,” said Turner. “They know what to feel, but not how to put it.”

This is what Quincy Teen Voices wants to change.

After three initial meetings that Shea had with interested students, which resulted in the final selection of nine students, the group had four workshops at Teen REACH and then two closing sessions at the Community Theater. The final script was created from magazines, diaries, and the work of the first few sessions to present a common message.

“Who is braver than kids to have tough conversations?” Said Turner. “These students come from a wide range of backgrounds, but they are all going through many of the same things. In this way, they can alleviate some of the trauma in their life. “

QCT executive director Sara Reuschel said the public will have an opportunity to take a behind-the-scenes look over the next few weeks before final production is presented.

“We would like to encourage the public to follow our Facebook and Instagram pages,” said Reuschel. “There you will find a video every week that describes the process of Quincy Teen Voices: how it came about, what the students did in each session, what conversations and questions they worked through, and how all these pieces were combined for the stage.

Teen REACH’s Turner wants to make this more than a one-time program.

“I hope this partnership will continue to give children voices,” he said. “And continue to expose them to art.”

Reuschel from QCT agrees with this thought.

“We haven’t planned anything yet,” said Reuschel, “but we hope that this is only a pilot program for the future.”

New Voices of Liberty Present and Different Leisure Introduced for Style of EPCOT Worldwide Flower & Backyard Pageant 2021

in the Addition to the list of outdoor kitchensWalt Disney World has now announced all entertainment for the EPCOT International Flower & Garden Festival. Although entertainment at the festivals is currently limited, four great acts will still be performing.

Voices of Liberty will be back at the American Gardens Theater with a performance that “Celebrates America’s Spirit and Beauty.” You are currently Performance of “The Disney Songbook” in the taste of the EPCOT International Festival of the Arts.

Mariachi Cobre will also perform at the American Gardens Theater.

The Jammin ‘Gardeners (aka the JAMMitors) will be on the Canada Mill Stage.

After all, a pianist will play regularly in World ShowPlace.

Who are you looking forward to the most? Let us know in the comments.