Here’s what’s in Biden’s $1.8 trillion American Families Plan
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A month after he laid out a roughly $2 trillion infrastructure plan aimed at helping the nation recover from the coronavirus pandemic, President Joe Biden is set to unveil an additional $1.8 trillion federal investment in education, child care and paid family leave during his first address to Congress on Wednesday.
The massive package — which Biden is calling the American Families Plan — is the second half of his effort to revitalize the nation and ensure a more equitable recovery. The proposal would also extend or make permanent enhancements to several key tax credits that were contained in the Democrats’ $1.9 trillion rescue bill, which Biden signed into law last month.
“These are generational investments in our future, in the future of our families and the future of our kids,” said a senior administration official of the latest proposal, which contains about $1 trillion in investments and $800 billion in enhanced tax credits. “They pay enormous dividends.”
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