Biden will pitch the new spending plan before a joint session of Congress less than a month after he issued a sweeping $2 trillion infrastructure proposal.
President Joe Biden will pitch Congress on $1.8 trillion in new spending and tax credits aimed toward children, students and families, senior administration officials said Wednesday.
Biden will announce the new package less than a month after he issued a sweeping proposal to spend more than $2 trillion over eight years on infrastructure and other projects as the U.S. economy continues to recover from the coronavirus pandemic.
The new proposal, which includes about $1 trillion in investments and $800 billion in tax credits over a decade, will be financed over 15 years, in part by raising the amount of taxes paid by the richest Americans, the White House said.
Among other policies the proposal includes $225 billion toward high-quality child care and ensuring families pay only a portion of their income toward child-care services; $225 billion to create a national comprehensive paid family and medical leave program, and $200 billion for free universal preschool for all 3- and 4-year-olds, offered through a national partnership with states.