Biden unveils $1.8T ‘families’ plan — before $2.3T infrastructure bill is written

Biden unveils $1.8T ‘families’ plan — before $2.3T infrastructure bill is written


President Biden on Wednesday rolled out the blueprint for another massive tax-and-spend bill, dubbed the American Families Plan, which would boost federal spending by $1.8 trillion through tax hikes on high-income Americans and investors.

The package includes $511 billion for education, including universal preschool for 3- and 4-year olds and free community college, and $225 for childcare, including a subsidy that would cap expenses for most workers at 7 percent of income. The plan calls for $225 billion to subsidize 12 weeks of paid parental and sick leave and $45 billion more for food stamps and school food programs.

About $800 billion would go toward tax credits, including $200 billion for Obamacare users. The plan would make permanent the recent expansion of tax credits for people with children — from $2,000 per year to $3,000, or $3,600 for children under age six.

Trending: Half of CDC, NIH, and FDA Employees Refused the Experimental COVID-19 Jabs

But in a major blow to New York-area Democrats including Gov. Andrew Cuomo, the proposal omits

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend