Biden Outlines His Tax Plan During Community College Visit

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Biden Outlines His Tax Plan During Community College Visit

During a visit to a community college in Norfolk, Va., President Biden outlined his tax plan, which emphasizes child care benefits as well as an increase in taxes on wealthy individuals and corporations in order to benefit community colleges.

The American Families Plan is going to provide access to quality, affordable child care, keeping parents — helping parents go back to work, providing a lifeline of benefits for children as they do better in school throughout their lives. I was a single father when I first got elected to the Senate. I had two young boys raised after their mom and sister were killed. And I had I not had the family I had, I’d never been able to do it. And I’m not joking about that. And I was a senator. I was making a decent salary. The choice is about who the economy serves. And so I plan on giving tax breaks to the working-class folks, and making everybody pay their fair share. Here’s an example of that choice. If you ask the top 1 percent to pay the same tax rate they paid in 2001 when George Bush was president, that would generate $13 billion a year. Now, that’s enough for us to take around 11 of that $13 billion and provide for two years of community college free for every student in America. So for folks at home, I like to ask the question: Do we want to give the wealthiest people in America another tax cut, or do you want to give every high school graduate the ability to earn a community college degree on their way to good-paying jobs or on the way to four years of school and the industries of the future —health care, I.T., cybersecurity, you name it?

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