President Biden is expected to call for another $1.8 trillion in new spending during his address before both Houses of Congress Wednesday night to cover a series of new entitlements, including child care and free community college.
“The Biden administration on Wednesday detailed a $1.8 trillion collection of spending increases and tax cuts that seeks to expand access to education, reduce the cost of child care and support women in the work force, financed by additional taxes on high earners,” reports the New York Times.
“The American Families Plan, as the White House calls it, follows the $2.3 trillion infrastructure package President Biden introduced last month, bringing his two-part package of economic proposals to just over $4 trillion. He will present the details to a joint session of Congress on Wednesday evening,” adds the newspaper.
President Biden will set out the details of his American Families Plan in an address to Congress on Wednesday.
The $1.8 trillion package seeks to expand access to education, reduce the cost of child care and support women in the work force.https://t.co/EmnFjFkx3T
— The New York Times (@nytimes) April 28, 2021
.@JoeBiden plans to unveil a $1.8 trillion spending & tax credit package aimed at buoying families.
It proposes $1 trillion in social welfare investments over a decade, in addition to $800 billion in tax benefitshttps://t.co/6bNdeUsTXt
— Washington Examiner (@dcexaminer) April 28, 2021
“The president is proposing an increase in the marginal income tax rate for the top 1 percent of American income earners, to 39.6 percent from 37 percent. He would increase capital gains and dividend tax rateshttps://www.nytimes.com/2021/04/28/us/politics/biden-american-families-plan.html for those who earn more than $1 million a year. And he would eliminate a provision in the tax code that reduces capital gains on some inherited assets, like vacation homes, that largely benefits the wealthy,” writes the Times.
Read the full report here.
BIDEN IN IOWA: I’ve Spent a Lot of Time with South Korea’s Kim Jong Un
Former Vice President Joe Biden continued his gaffe-laden campaign tour in Iowa over the weekend; bizarrely stating he’s “spent a lot of time” with “Kim Jong Un in South Korea.”
“You see what’s happening all around the world with his embrace of dictators. Folks like Putin, Kim Jong Un in South Korea and the way he talks about America, the way he talks about our allies,” said Biden.
“I know them. Putin has no illusions about whether I know him or not. Kim Jong Un has no illusions about whether I know him or not… I’ve spent a lot of time with these folks, they know,” he added.
Joe Biden claims has has "spent a lot of time" with Kim Jong Un.
That is FALSE Biden and Kim Jong Un have never met. pic.twitter.com/evCJLqEdAz
— Francis Brennan (@FrancisBrennan) December 1, 2019
Watch Biden’s comments above.
BIDEN IN NEW HAMPSHIRE: ‘I’ve Been to Vermont a Number of Times, I love This Place'
Former Vice President Joe Biden continued his gaffe-riddled campaign over the weekend; telling supporters in New Hampshire he’s been to Vermont a “number of times” dating back to 2014.
“I’ve been here a number of times…I love this place. Look, what’s not to like about Vermont in terms of the beauty of it?” Biden told reporters.
Biden, who is in New Hampshire, thinks he is in Vermont
At some point, the media is going to have to stop calling this "gaffes" https://t.co/Dhno1WN2rU
— Ryan Saavedra (@RealSaavedra) August 24, 2019
Biden made a similar mistake just days ago, telling a packed audience the assassinations of Robert Kennedy and Martin Luther King Jr occurred in “the late ‘70s.”
“Just like in my generation, when I got out of school, when Bobby Kennedy and Dr. King had been assassinated in the ’70s, the late ’70s when I got engaged … ,” Biden recalled.
The two leaders were killed two months apart in 1968.
— RNC Research (@RNCResearch) August 21, 2019
Biden is facing more campaign issues this week; with analysts saying his fundraising efforts have “tumbled” since a series of gaffes on the campaign trail.
“Joe Biden raised $4.6 million online on his first day in the 2020 presidential race, surprising doubters who thought the former vice president couldn’t run a modern campaign. But since then Biden’s online fundraising has tumbled — looking more like flash-in-the-pan opponent Beto O’Rourke than top-tier rivals like Bernie Sanders or Elizabeth Warren,” reports Politico.
“More than 60 percent of the $13.2 million Biden has raised online came in the first week of his campaign, which launched in late April, according to a POLITICO analysis of data from the Democratic fundraising platform ActBlue. While other top candidates spiked early and then gradually raised more money online as the 2020 campaign has carried on, Biden’s pattern is similar to O’Rourke, who roared into the race with millions raised in his first day but has trickled off since then,” adds the website.