One of Biden’s campaign promises was adding funding for working-class families and reforming the tax rates. In late April, he proposed a working family plan of $1.8 trillion. The American Families Plan emphasizes better and more affordable child care and education.
It details $200 billion towards universal preschool for 3 and 4-year-olds,$225 billion towards accessible public schools and better quality in academics and school environments, and $9 billion towards further training for teachers. This plan would also be a step towards diversifying the staff. Plus, more funding in scholarships for those who wish to pursue the education field.
It also works in $109 billion to provide two years of free community college and $46 billion towards minority-based institutions such as historically black colleges and universities, Tribal colleges and universities, Hispanic institutions, Asian American, Native American, and Pacific Islander institutions. Biden also plans to invest $80 billion into Pell Grants, or student aid given to undergraduates. These grants, for the most part, do not have to be paid back. By increasing the Pell Grants, students, on average, will receive $1,400 more in federal funding. These grants have been revised to include DREAMers.
The plan also includes paid leave, which compared to other countries, The US falls short of. Many people go back to work within two weeks of giving birth because there is no medical leave at the federal level. The plan would create a program that gives up to $4,000 a month and at least 60-80% of weekly wages to those who need to be on long-term leave from work. Biden calls on Congress to pass the Healthy Families Act, which will ensure at least seven paid sick days per year. The pandemic has really brought to light how employers should adopt better, more lenient policies regarding sick days and health-related programs.
Biden’s plan also addresses health and nutrition disparities across social classes and races. $45 billion would be put towards extending summer EBT/SNAP Benefits to eligible children, to the Community Eligibility Provision (CEP) which provides free school meals, as well as improving other federal food benefits programs. This would go along with Biden’s American Rescue Plan. The U.S. Department of Agriculture (USDA) had announced that they were going to feed over 30 million children over the summer with the support of this plan. This would be the largest plan, to date, of its kind.
Biden also proposed large tax reforms. Americans who earn $400,000 or less per year will not have their taxes rise. The biggest of the tax reforms is holding the wealthy accountable for their taxes. Along with that, the 1%, the wealthiest people in the U.S, will have to pay a tax rate of 39.6% and there will be fewer loopholes that would allow them to get out of paying full taxes, so their finances do not go unchecked. Overall, this is the general breakdown of how the $1 trillion towards children and education would be used and how $800 billion would be used to achieve the tax reforms that Biden is so famously known for wanting.