Brett Samuels, Brett, $200 Billion discussed on This Morning with Gordon Deal


More about what's in President Biden's American families plan from Brett Samuels, now White House reporter at the Hill. Brett, Take us through it. The focus is essentially on. Ah, few here is education, child care. Family care paid. Leave s O. That's the oldest of the broad pillars. Um, you know, it'll extend some tax credits as well. But essentially, it's focusing on you know, offering free universal prekindergarten education to Children as well as free community College for two years. Um, there's some programs that would invest in allowing for paid medical leave and paid family leave. Um, and extend some some tax credits relates the affordable care act. Another health care programs. Um, so you know, this is sort of the complimentary piece, I guess if you will, to the traditional infrastructure A puzzle that the president laid out about a month ago that focuses more on you know, we always roads and bridges. This is more focused on families, childcare, early education stuff like that boy are so we all know that nothing's actually free it just this sounds good. But what's the cost of something like So free, preschool free community college. Right. So you know, it's essentially is calling for its $200 billion would be the cost of the free pre pre kindergarten program. Um, it be a little over 100 billion for the tuition free community College program. Uh, and, uh, you know, there's I think it's a little over $200 billion investment in the paid family leave program. Certainly, you know, these numbers add up about a trillion dollars in new spending. And there's another 800 billion or so in tax credits that the president's gonna propose. Now he's proposing to pay for all this through tax increases. So, uh, you know, the White House will say that His proposal would pay for itself through those tax increases. But certainly you know, while it's in the proposal, it Zafar from a done deal that any of this one would look the same coming out the other end of Congress. Many specifics on the kind of tax increases we'd be looking at for this. Yes. So, you know, the White House is very adamant that these tax increases would not apply to anyone making less than $400,000 annually. Essentially, your households making Listen $400,000 s O the White house talking about, you know, that was focused on On increasing capital gains taxes on the wealthiest Americans, increasing closing loopholes for corporations and March businesses. So you know the way they talk about is certainly framed, as you know. That this would not affect middle income low income Americans. It's really only Mento to make the wealthiest Americans multi is corporations pay their fair share. Now That's something the Republicans have, You know, they're gonna have her say, and whether that plan gets through, as is, But But that's how the White House is proposing at the moment to pay for all this speaking with Brett Samuels, White House reporter at the Hill His piece is called. Here's What's in Biden's $1.8. Trillion American Families Plan. Touch, too, on the this national paid Family and Medical Leave Act. Yes. So part of the plan would call for I believe it's $225 billion invested in creating a national paid family and medical leave program today. Three, you know, set a standard for Americans who who need to take leave from work, Whether it's for, you know, personal illness. Ah love one fallen ill or a loved one that's passed away. Um, you know, with staves adopted a child had given birth to a child, Uh, did essentially what sort of set a baseline where Um, actually, the number including the plan is that workers would be able to make up to $4000 a month. Um, while they're on leave still, so it's sort of you know, the White House would put point to other countries abroad and say that other countries Developed countries have sort of similar programs and that it's time for the U. S to have one s. So that's what they're calling for in this in this family's plan. These questions kind of in the weeds a little bit with regards to how the money is spent. But For example of 109 billion for tuition Free community college is that for one year is that to help states Offer this and states are expected to pick up part of the tab over a period of years. And how does that work? Yes. So you know the spending they talk about it's over. Everything's over a 10 year period that, for example, that 109 billion will be spent. But you know, it's certainly something that they're gonna have to kind of work out as they negotiate the details of this because You know, certainly you They aren't trying to put any limits on kind of who can benefit from these programs. You know who can take advantage of the free two year community college program? So certainly, you know, that'll be something I think will be sort of hammered out in negotiations. What exactly? It looks like there's Brett Brett Samuels, White House reporter at the Hill 15 minutes now, after the hour.

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