By Syndicated Content
By Jarrett Renshaw
(Reuters) â President Joe Biden on Wednesday will propose raising taxes on the wealthiest Americans to pay for pre-kindergarten and community college education and paid leave for healthcare. The $1.8 trillion plan involves $1 trillion in new spending and $800 billion in tax credits.
WHAT AMERICANS WOULD GET
Universal pre-kindergarten: Biden will ask Congress to provide $200 billion for free preschool for all 3- and 4-year-olds.
Childcare: The package would assure that low- and middle-income families pay no more than 7 percent of their income on childcare for children under 5 years old.
Paid family leave: It would guarantee 12 weeks of paid parental and family leave by year 10 of the program and also assure that workers receive three days of bereavement leave a year starting in the first year.