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Biden wants to raise taxes on rich investors to pay for expanded child care and education, new report says

Joe Biden

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President Joe Biden is planning to raise taxes on millionaire investors to fund child care and education programs, according to a report from The New York Times.

Biden is set to reveal the American Family Plan — part of Biden’s $4 trillion overhaul on the US economy — before addressing Congress next week. But the Times reports that Biden’s proposal will not tackle health care reform.

In addition to tax raises, the plan will reportedly seek to extend through 2025 the expanded child tax credit, which gives American parents details ⇒

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