Here's Why Obama Thinks You Should Care About His New Budget
How the 2015 budget could impact African-Americans.
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Here We Go Again - President Obama unveiled on March 5 his 2015 budget that he's calling "a road map for creating jobs, with good wages and expanding opportunities for all Americans." House Budget Committee Chairman Paul Ryan says it's nothing more than a "campaign brochure." As each side prepares for a major budget battle, here are some of the line items of particular interest to African-Americans. — Joyce Jones (@BETpolitichick (Photo: AP Photo/J. Scott Applewhite)
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Earned Income Tax Credit for Childless Workers - Currently, childless workers and non-custodial parents receive a maximum Earned Income Tax Credit of $500 and is unavailable to workers under age 25. Obama's budget doubles the credit to $1,000 and lowers the age limit to 21. It also increases the upper age limit from 64 to 66. The administration estimates these changes will benefit two million African-American workers. (Photo: Todd Warnock/Getty Images)
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Training and Employment Services - The budget proposes $3 billion in formula grants to states and localities to provide training at 2,500 American Job Centers across the nation. (Photo: John Moore/Getty Images)
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Welfare to Work - The budget calls for $602 million in Temporary Assistance for Needy Families funding to be redirected to a Pathways to Jobs program to support state-subsidized job opportunities for low-income individuals. (Photo: John Moore/Getty Images)
Photo By Photo: John Moore/Getty Images/ John Moore/Getty Images
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Reemployment Services - The budget calls for $158 million for reemployment and eligibility assessments and services to help unemployment insurance beneficiaries return to work. It also calls for $2 billion in mandatory spending for states to adopt Bridge to Work programs, which would enable unemployment insurance recipients to receive a weekly check while participating in a short-term work placement. (Photo: Joe Raedle/Getty Images)
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