President Joe Biden plans to unveil a $1.8 trillion spending and tax credit package aimed at buoying families during his address to a joint session of Congress.
Billed as the “American Families Plan,” the package proposes $1 trillion in social welfare investments over a decade, in addition to $800 billion in tax benefits, which Biden will say can be paid for over 15 years.
And while Democrats will be pleased with much of the plan’s contents, its price tag will strain Democrats while further provoking Republicans who are already balking at the cost of Biden’s $2.25 trillion infrastructure package.
The American Families Plan proposes free universal preschool to all 3- and 4-year-olds and two years of free community college, senior administration officials said Tuesday. Neither program, estimated to cost a combined $309 billion, would be means-tested, meaning that they would be available to rich families