Biden, more popular than Trump in first April of term 2:18
(CNN) -
A month after he unveiled an approximately $ 2 trillion infrastructure plan aimed at helping the nation recover from the coronavirus pandemic, U.S. President Joe Biden will announce an additional federal investment proposal. $ 1.8 trillion in education, child care and paid family leave, during his first speech to Congress on Wednesday.
The huge package, which Biden calls the American Families Plan, is the second half of his effort to revitalize the nation and ensure a more equitable recovery.
The proposal would also expand or make permanent improvements to several key tax credits that were contained in the Democrats' $ 1.9 trillion bailout bill, which Biden signed into law last month.
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"These are generational investments in our future, in the future of our families and the future of our children," said a senior administration official about the latest proposal, which contains around US $ 1 trillion in investments and US $ 800,000 million in enhanced tax credits.
"They pay huge dividends."
The president intends to fund the latest package by raising taxes on the rich, saying he wants to reward work, not wealth.
His proposed new measures would raise about $ 1.5 trillion over a decade.
This includes Biden's infrastructure plan 0:50
The families' plan pairs with Biden's infrastructure proposal, known as the American Jobs Plan, which calls for improving the nation's roads, bridges, broadband, railroads and schools.
It would also provide a manufacturing boost and funnel $ 400 billion to increase home and community care for the elderly and disabled and raise the wages of care workers.
This would be paid for by increasing corporate taxes.
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The tax increases contained in the two economic recovery packages would fully pay for the investments over the next 15 years, according to the White House.
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While Biden's covid-19 relief plan made rapid progress in Congress, his ambitious infrastructure and family proposals are meeting more resistance.
He's already upset some moderate Democrats with package sizes and tax increases, while also upsetting progressive lawmakers by failing to include measures important to them, such as lowering prescription drug prices.
A powerful House Democrat has already launched his own alternative bill for families.
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It's unclear whether lawmakers will consider Biden's two plans together or separately, or whether Democrats will try to push him forward without Republican support, as they did with the bailout bill.
US Congress