On April 28, in advance of his first address delivered before a Joint Session of Congress, President Biden unveiled his $1.8 trillion proposal titled the American Families Plan, which sets forth a myriad of social programs, including tuition-free community college, subsidized child care, universal preschool, expanded child tax credit and paid family leave. The proposal would largely be financed through federal tax increases on high-net-worth individuals.
Federal Tax Proposal Update - The American Families Plan
May 13, 2021