Biden to unveil sprawling $1.8T plan to boost child care, families

President Joe Biden on Wednesday will roll out a sweeping, $1.8 trillion plan to invest in social welfare and family assistance programs aimed at redistributing the nation’s wealth and lifting millions of Americans out of poverty.

The sprawling “American Families Plan,” laid out by senior administration officials on Tuesday night, would invest $200 billion in universal prekindergarten and more than $100 billion in free community college. It would extend the expanded child tax credit through 2025 and ensure that the benefit is more accessible to low-income families by making it permanently refundable. And it would set aside $225 billion to create the country’s first national paid family and medical leave program.

At the same time, Biden, who will present the plan to a joint session of Congress on Wednesday evening, is proposing a round of tax hikes on the wealthiest Americans as well as strict tax enforcement through increased funding for the IRS that the White House says will fully cover the cost of the plan over 15 years.

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