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What’s in Biden’s $1.8 Trillion, Tax-Funded Spending Plan

  • Plan includes funding for child care, education, tax credits
  • Biden would pay for plan with higher taxes, focused on wealthy
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Biden to Unveil American Family Plan Funded by Taxing Wealthy
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President Joe Biden’s administration on Wednesday unveiled a $1.8 trillion, 10-year plan to ramp up federal support for American families, with a major expansion in spending on child care, paid leave and education.

The “American Families Plan,” which Biden will tout in a joint address to Congress Wednesday night, is funded in part by $1.5 trillion of tax hikes on the wealthiest Americans. The proposals still face major changes in Congress, with Republicans set against higher taxes and Democrats having their own priorities.