Biden leans into tax hikes for corporations and the wealthy in latest spending pitch

Biden leans into tax hikes for corporations and the wealthy in latest spending pitch


With first lady Jill Biden in tow, President Joe Biden promised to pay for proposed new spending on childcare and education by cracking down on tax avoidance and making corporations pay their “fair share.”

“I think it’s about time we started giving tax breaks and tax benefits to working-class families and middle-class families, instead of just the very wealthy,” Biden said while speaking in Portsmouth, Virginia. Placards in the room touted the administration’s message of “Getting America BACK ON TRACK.”

The president’s American Families Plan would allocate $1 trillion toward spending on education and childcare over 10 years and $800 billion in tax credits aimed at low- and middle-income families. It would also spend $200 billion to provide free, universal pre-K education, $109 billion for tuition-free community college, and $62 billion to boost completion rates at schools with high numbers of low-income students.

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In a nod to the first lady, an English professor at Northern

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