WASHINGTON, April 28, 2021 (LifeSiteNews) — President Joe Biden unveiled his proposed “American Families Plan” Wednesday: $1.8 trillion in new spending that would federally subsidize daycare and incentivize both parents to work outside the home.
The plan calls for “universal, quality-preschool to all three- and four-year-olds”; “two years of free community college”; direct subsidies to “ensure that low- and middle-income families spend no more than seven percent of their income on child care”; a “national comprehensive paid family and medical leave program”; and extending “the Child Tax Credit, the Earned Income Tax Credit, and the Child and Dependent Care Tax Credit”; as well as “the expanded health insurance tax credits in the American Rescue Plan.”
“In all, the American Families Plan includes $1.8 trillion in investments and tax credits for American families and children over ten years,” including $1 trillion in direct spending and $800 billion in what Biden calls tax cuts. The administration claims it will be “fully paid for over 15 years” by increasing taxes on higher-income Americans.
One of the plan’s stated goals is to “enable those who dropped out of the workforce — particularly the approximately two million women who left due to COVID — to rejoin and stay in
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