income families to pay no more than 7% of their income on child care for kids under five. it also provides paid family and medical leave. it would make two years of community college free and provide $200 billion for universal pre-k and extend or make permanent several key parts of democrats covid rescue plan including that expanded child tax credit, affordable tax subsidies. the presidents wants to finance this by hiking taxes on the wealthy in an economy that is working poorly for millions of americans. cnn s kaitlan collins has more from the white house. reporter: christine, we know that president biden has spent weeks preparing for this speech, going over it with his aides and his speech writers and policymakers, talk being what he really wants to be in this and what s important as he looks back and reflects on his first 100 days in office, that s that mile marker he s going to reach on thursday, but also looking at what he wants to do going forward. so that s really go