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Biden Unveils Massive Family Aid Plan Funded by Taxing the Rich

Called the “American Families Plan,” Biden’s third major legislative proposal combines $1 trillion in spending with $800 billion in tax cuts and credits for middle- and lower-income families.

By Nancy Cook & Justin Sink | April 29, 2021 at 01:45 PM

President Joe Biden unveiled on Wednesday a sweeping $1.8 trillion plan to expand educational opportunities and child care for families, funded in part by the largest tax increases on wealthy Americans in decades—the centerpiece of his first address to a joint session of Congress.

Called the “American Families Plan,” Biden’s third major legislative proposal combines $1 trillion in spending with $800 billion in tax cuts and credits for middle- and lower-income families.

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