In the US the Senate Finance Committee has been considering policy initiatives that could help to support and expand the middle class. These measures could include improvements to the education system, initiatives to increase the level of savings and efforts to improve the social safety net. The Chairman of the Finance Committee has proposed measures such as an increase to the standard tax deduction, better targeting of tax relief and more equitable treatment of investments and wages. Proposed measures would also aim to increase innovation and support entrepreneurs.
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