Perspectives: Biden's $1.8 Trillion 'American Families Plan'
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From the Left
5 top takeaways from Biden’s American Families PlanPresident 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...
From the Left
Biden's latest $1 trillion+ planPresident 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...
From the Right
Joe Biden: $6 Trillion ManPresident 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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