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President Joe Biden is preparing to unveil a new set of tax hikes on the richest Americans to fund a collection of new education and childcare programs.

The New York Times and Bloomberg reported on Thursday these tax increases will be central to financing Biden’s latest infrastructure plan, in line with the “Build Back Better agenda” he outlined during the campaign. 

The so-called American Families Plan may come in at around $1.5 trillion in new spending aimed at curbing poverty, expanding tax credits for families, and establishing a new universal pre-K initiative. That’s on details ⇒

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