In his first major address as president, President Biden on Wednesday night pitched expansion of the U.S. government with over $4 trillion in new spending on child care, tuition free community college, infrastructure and green energy investments.
Biden's $1.8 trillion American Families Plan is the follow-up to his $2.25 trillion American Jobs Plan.
After 100 days of recovery, Biden said America is "Ready for a takeoff." "After just 100 days, I can report to the nation that America is on the move again," Biden said during his address on the House floor.
Biden said his plan will "Guarantee" everyone two years of a public college education and access to high-quality child care.
Biden had previously proposed raising the corporate tax rate to 28% and increasing the top tax bracket to 39.6% on $400,000 or more annual income as a way to pay for his American Jobs Plan.
West Virginia Democratic Sen. Joe Manchin said he's "Uncomfortable" with Biden's massive spending proposals that followed the passage of his American Rescue Plan, the second-largest stimulus package in history.
In addition to the American Families Plan, Biden vowed to work with Congress to expand Medicare and lower deductibles of Affordable Care Act medical plans.
Thursday, April 29, 2021
Biden pitches government expansion with over $4T in new spending on social programs, infrastructure
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