United States President Joe Biden announced on April 28 a $1.8 trillion plan aimed at extending educational opportunities and childcare for families.
Biden unveiled the American Families Plan, an “ambitious, once in a generation investment” that would make education more affordable, provide economic security for families, and expand tax credits.
The new plan consists of about $1 trillion in investments and $800 billion in tax cuts for American families and workers.
The plan would invest $200 billion for free universal pre-school, $109 billion for two free years of community college, over $80 billion for Pell Grants, $62 billion to strengthen community colleges and institutions in disadvantaged communities, and $9 billion to strengthen teachers.
The plan also allots $225 billion to make childcare more affordable, to invest in high-quality childcare, and to invest in the childcare workforce.
The plan would also make the Child and Dependent Care Tax Credit permanent and extend the child tax credits through 2025.
Additionally, the plan allots $225 billion to create a national comprehensive paid family and medical leave program and $45 billion for programs that will address the issue of nutrition insecurity.
The announcement of the family aid plan comes a month after Biden signed his American Rescue Plan into law, which was designed to help Americans and the economy recover from the impact of the COVID-19 pandemic.
“The American Families Plan is an investment in our children and our families — helping families cover the basic expenses that so many struggle with now, lowering health insurance premiums, and continuing the American Rescue Plan’s historic reductions in child poverty,” the White House said in a statement.
The American Families Plan comes along Biden’s infrastructure proposal called the American Jobs Plan.
© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.