“The White House is preparing to unveil a roughly $1.8 trillion spending and tax plan this coming week that includes many of President Biden’s campaign promises but also reflects the daunting challenges facing the administration as it tries to transform the U.S. economy,” the Washington Post reports.
“The American Families Plan, set to be released ahead of the president’s joint address to Congress on Wednesday, calls for devoting hundreds of billions of dollars to national child care, prekindergarten, paid family leave and tuition-free community college, among other domestic priorities. It will be at least partially funded by about a half-dozen tax hikes on high-income Americans and investors, proposed changes that are already provoking fierce opposition in Congress and on Wall Street.”
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