1/ The White House unveiled a $1.8 trillion spending and tax plan to expand access to child care, education, paid leave, and an extension of some tax credits. Biden is expected to detail the American Families Plan in a joint session of Congress tonight, which starts around 9 p.m. ET. The proposed plan, which includes about $1 trillion in investments and $800 billion in tax credits over a decade, would provide $200 billion in universal pre-kindergarten, more than $100 billion in free community college, extend the expanded child tax credit through 2025, and set aside $225 billion to create a national paid family and medical leave program, among other initiatives. The plan, which the White House has billed as “generational investments in our future,” would largely be funded by raising taxes on the wealthiest Americans. Between the $2.3 trillion American Jobs Plan, which the White House unveiled last month, and the $1.8 trillion American Families Plan, Biden is proposing roughly $4 trillion in investments over the next decade that would expand the U.S. social safety net and the role of government in public life. (New York Times / Washington Post / Wall Street Journal / Bloomberg / CNN / Politico / USA Today / CNBC)
This is a companion discussion topic for the original entry at https://whatthefuckjusthappenedtoday.com/2021/04/28/day-99/