Perspectives: Biden's $1.8 Trillion 'American Families Plan'

Headline Roundup April 28th, 2021

The Biden administration on Wednesday unveiled a new $1.8 trillion proposal, titled the “American Families Plan,” which would invest in education, childcare and paid leave while raising taxes on the wealthiest Americans. President Joe Biden is expected to formally announce the proposal during his first joint address to Congress Wednesday evening. Specific provisions of the plan include universal pre-school, two years of free community college, direct financial support to families, a national paid family and medical leave program, and extended tax breaks, including the child tax credit increase from Biden’s $1.9 trillion coronavirus relief bill. The plan would also return the top income tax bracket rate to the pre-2017 level of 39.6% and apply that rate to capital gains for households making over $1 million.

Some voices from across the spectrum focused on the larger context of Biden's other large spending bills. Voices in right-rated outlets tended to criticize Biden's high spending and tax hikes, particularly the capital gains tax. Voices in some left-rated outlets addressed the plan's impact on families and pointed to proposals that were not included in the families plan.

Perspectives: Biden's $1.8 Trillion 'American Families Plan'

From the Left
315
ANALYSIS

President Biden formally announced his American Families Plan on Wednesday, a $1.8 trillion proposal to give all Americans access to community college, preschool, affordable child care and paid leave, among other initiatives. He wants to fund it by increasing taxes on the rich.

Supporters and detractors are already lining up, but most agree on this: It’s an ambitious plan. And it will be a challenge to get Congress to pass it, especially after the $1.9 trillion stimulus package that was enacted in March and Biden’s more than $2 trillion infrastructure...

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From the Center
315
ANALYSIS

President Biden on Wednesday will present his third $1 trillion+ package to Congress since taking office, asking for $1.8 trillion in new spending to expand the American education system, provide more help for childcare and create millions more jobs.

The big picture: Biden is also proposing a series of tax hikes on the rich, which his administration vows will not hit Americans who make less than $400,000 and households with less than $1 million in capital gains.

Administration officials insist that Biden’s American Families Plan — with $1 trillion in...

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From the Right
222
OPINION

President Biden has unveiled another $1.8 trillion government-spending package ahead of tonight’s joint session speech to Congress, bringing the total spending signed or proposed in his first 100 days to about $6 trillion.

Let’s see how we got here.

When Biden took office, he pushed a massive spending package as “COVID relief” even though only about 5 percent of the spending was directly related to fighting the pandemic. That cost $1.9 trillion.

Once that passed, he proposed another bill, pitched as infrastructure legislation, which was mostly made up of provisions...

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