American Families Plan

Joe Biden says closing loopholes in tax code would only raise taxes for the wealthiest Americans and allow for investment in childcare and other programs, all while growing the economy.

President Joe Biden revealed the details of his American Families proposal on Wednesday, an $1.8 trillion plan to support children and families as the U.S. recovers from the coronavirus pandemic. Here are five things you should know about Biden’s American Families proposal.

President Joe Biden wants the U.S. to spend $1.8 trillion to benefit children and families as it recovers from the coronavirus pandemic. The American Families Plan, to be offset in 15 years by raising taxes on the richest Americans, would focus on child care, education from preschool to college, family leave and child nutrition. To pay for the spending, Biden...