NEW YORK (CNN) -- Here are some of the White House's proposals:
1. Child care assistance
 |
| For more information on managing your largest investment, check out Gerri Willis' 'Home Rich,' now in bookstores. |
| MMA | 0.45% |
| $10K MMA | 0.46% |
| 6 month CD | 0.40% |
| 1 yr CD | 0.57% |
| 5 yr CD | 1.23% |
The administration is considering nearly doubling the child care tax credit for families earning less than $85,000. Families earning up to $115,000 will see an increase in their child care tax credit.
According to the administration, two-thirds of families with children are headed by working parents or a single working parent.
2. College affordability
The White House's proposal would limit loan payments to 10% of discretionary income, expanding the current income-based repayment plan. Mark Kantrowitz of Finaid.org estimates this could cost the government $400 to $500 million over the next ten years.
3. Retirement security
A proposal would expand the savers tax credit, matching 50% of the first $1,000 of contributions for those who making $65,000 or less. The government would also promote annuities and other forms of lifetime "guaranteed" income.
The proposal also calls for improved disclosure of 401(k) fees.
4. Elder care assistance
The administration is also advocating increasing the funding for caregiver support programs. It would provide more funds for adult daycare, in home services and transportation.
-- CNN's Jen Haley contributed to this article.
Talkback: Do you feel the president's initiatives, if enacted, will help out the middle class? 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.67% | 3.62% | |
| 15 yr fixed | 2.80% | 2.76% | |
| 5/1 ARM | 2.60% | 2.58% | |
| 30 yr refi | 3.65% | 3.61% | |
| 15 yr refi | 2.80% | 2.76% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 15,387.58 | 52.30 | 0.34% |
| Nasdaq | 3,502.12 | 5.69 | 0.16% |
| S&P 500 | 1,669.16 | 2.87 | 0.17% |
| Treasuries | 1.94 | -0.02 | -1.07% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 13.44 | -0.07 | -0.52% |
| Ford Motor Co | 14.95 | -0.10 | -0.66% |
| Microsoft Corp | 34.85 | -0.23 | -0.66% |
| Cisco Systems Inc | 24.01 | 0.06 | 0.27% |
| Merck & Co Inc | 47.33 | 2.12 | 4.69% |
|
CEO Tim Cook faces harsh criticism at Senate hearing on Apple's overseas tax policies. More |
Apple executives including CEO Tim Cook are due to appear before a Senate subcommittee on Tuesday, as lawmaker study how multinationals keep profits offshore for tax purposes. More |
Microsoft is making a bid to own the living room with its new entertainment device. More |
Only a tiny fraction of small businesses must comply with new Obamacare rules. And most of them are already providing insurance to employees. More |
The Federal Emergency Management Agency announced a series of aid programs available to tornado victims who live in one of the Oklahoma counties declared a disaster area by President Obama. More |
.
