This year, our HOPE scholarship and Lifelong Learning tax cuts will help 10 million families pay for college. Our Earned Income Tax Credit will help 15 million families work their way into the middle class. Our empowerment zone tax credits are bringing new business and new jobs to our hardest pressed communities. Today, the typical American family is paying a lower share of its income in federal income taxes than at any point during the last 35 years. Since 1992, America has progressed, not just economically, but as a community.
Jobs are up, and so are adoptions.
The debt is down, and so is teen pregnancy. We are growing more diverse and more tolerant. We crossed it together. And we're not going back. Today America faces another choice, every bit as momentous as the one eight years ago.