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On April 28, 2021, President Biden announced the American
Families Plan to propose funding for education, child care, and the
extension of certain tax credits for lower- and middle-income
individuals. The White House released a fact sheet describing these proposals, and
President Biden discussed them in an address to a joint session of
Congress. President Biden s plan would fund these proposals
through increased taxes and other significant tax law changes.
These changes would be in addition to the tax law changes proposed
in the American Jobs Plan announced by President Biden on March 31,