Friday, May 7, 2021

Biden’s $ 4 trillion economic plan in a chart

Wednesday’s proposal directs most spending and tax cuts to families with provisions for the National Paid Family and Medical Leave Program; Child care subsidy; And the expansion of several tax credit extensions from the most recent Kovid-19 relief legislation.

The newly proposed education spending includes universal prekindergarten for 3- and 4-year-olds; Two years of free community college; Increase in maximum Pell grant award; And investment in colleges and universities serving minority groups.

The plan also calls for the Congress to adjust the unemployment insurance system to make it happen. Length links automatically And the amount of profit in economic conditions.

The president intends to pay for the infrastructure portion of the plan 15-year high tax on corporations.

The proposal announced on Wednesday would be financed partly through a tax increase on the wealthiest Americans. Is a part of that strategy Give more money and enforcement power Internal Revenue Service to crack down on tax evasion.

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