Biden's families plan would tax rich, invest in children, education

April 28 (UPI) -- President Joe Biden released details Wednesday of his $1.8 trillion American Families Plan -- a sweeping legislative proposal for federal investments in families, children and education, to be funded largely by tax increases on the wealthy.

Details of the plan include universal prekindergarten, two years of tuition-free community college, an expanded family and medical leave program and monthly payments of at least $250 to low-income parents.

Biden will pitch the proposal Wednesday night during his first address to a joint session of Congress. The plan is part of the administration's COVID-19-era economic recovery efforts.

Under the plan, about $225 billion would be spent on expanding access to child care, along with a $15 minimum wage for early childhood staff. The goal, the White House said, is to ensure that low- and middle-income families pay no more than 7% of their income on child care.

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