President Joe Biden will announce a roughly $1.8 trillion plan to invest in universal preschool and free community college in his joint address to Congress on Wednesday night, as well as expanded access to child care, a senior administration official said.
The proposal, which the White House calls the American Families Plan, would also increase taxes on the wealthy to offset the cost over 15 years. It is the second phase of Biden’s two-part push to reshape the economy, following the $2 trillion American Jobs Plan, which he announced last month.
