August 6, 1992 THE PRESIDENT'S MEASURES TO STRENGTHEN FAMILIES Economic Security: o $500 i
August 6, 1992
THE PRESIDENT'S MEASURES TO STRENGTHEN FAMILIES
o $500 increase in the per child tax exemption.
o penalty-free IRA withdrawals for first-time homebuyers.
o $5,000 tax credit for first-time homebuyers.
o Low interest rates, saving families on average over a $1000
per year in mortgage payments.
o Landmark Child Care Act that preserves parents choice of child
care, in contrast to Democrats who wanted to impose government
licensing on care-givers, from friends and relatives to
churches and synagogues. The bill also included $31 billion in
tax credits and lower tax payments to help low-income families
afford child care.
Planning for the Future:
o permit deduction of interest on student loans
o increasing, by more than $500 million, the amount of money
available through Pell Grants for middle income families.
o HOPE initiative to encourage home ownership and responsibility
Requiring Parental Responsibility:
o Child Support Enforcement: In 1991 the federal government
recovered $6.9 billion in child support payments, more than
double what the government recovered in 1986. About $2
billion of the 1991 total went to families receiving welfare.
o Increasing the Value of Work: Allowing families on welfare to
save more before becoming ineligible for welfare to increase
the chance that they will stay off welfare permanently.
Strengthening Traditional Family Values
o School Choice -- choice for public, private, or religious
schools -- so that parents can hold schools accountable for
results, and can choose to send their children to schools that
emphasize instruction in values.
o Supports reasonable restrictions on abortions, for example
parental consent for minors and waiting periods. Opposes
federal legislation to prevent states from passing some
reasonable restrictions on abortion.
o Supports voluntary school prayer
o Aggressive prosecution of "kiddie porn."
Family Security: Law and Order
o Appointed 228 tough, law & order judges and prosecutors to
keep criminals behind bars.
o Assigned 2,400 FBI agents to bust violent criminals and street
o "Weed & Seed" Initiative to reclaim embattled neighborhoods.
E-Mail Fredric L. Rice / The Skeptic Tank