User:Jaydavidmartin/American Families Plan

The American Families Plan is a soon-to-be-unveiled plan by the Biden Administration to significantly increase federal spending in areas related to childcare, paid leave, pre-kindergarten, community college and healthcare, as well as raise taxes on high-income Americans. It is the second part of Joe Biden's "Build Back Better" agenda (the first being a $2.3 trillion infrastructure plan unveiled in early April, 2021) and is intended to focus on "human infrastructure". It is expected to be unveiled in the last week of April, 2021.

Provisions
While exact details are currently unknown, media reports, analysts' notes and statements by government officials indicate that the plan is expected to include over $200 billion in spending on childcare, roughly $200 billion to make pre-kindergarten universally available for free, over $200 billion towards government-subsidized paid family and medical leave, an unknown amount towards making community college free for all Americans, and roughly $200 billion on health insurance subsidies available through the Affordable Care Act healthcare exchanges. It is also expected to extend the boost to the child tax credit made in the American Rescue Plan Act of 2021, which effectively turned the credit into a child allowance. It will be at least partially funded by a number of tax hikes on high-income Americans and investors, including restoring the top income tax rate to its pre-2017 level of 39.6% and nearly doubling the capital gains tax for people earning more than $1 million.