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What’s In Biden’s ‘Families Plan’

April 26, 2021 · 9:03 am ET · Leave a Comment

The Washington Post looks at what’s in the new $1.8 trillion spending bill that President Biden will introduce on Wednesday night in his address to Congress:

“The key components of the plan consist of roughly $300 billion in education funding, the biggest pot of which includes funding to make two-year community colleges tuition-free; $225 billion in child-care funding; $225 billion for paid family and medical leave; $200 billion for prekindergarten instruction; and $200 billion to extend more enhanced Affordable Care Act subsidies, according to three people briefed on the plan who spoke on the condition of anonymity. The plan would also extend a more robust child tax credit until 2025, the people said, a measure that could cost as much as $400 billion, as well as extend a more robust tax credit for workers.”

However, there a caveat: “Aides repeatedly stressed that the details of the plan were subject to change and that final decisions had not yet been made.”

Budget & Taxes

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