President Joe Biden's American Plan for Families
When American families do well, the nation prospers.
Faced with the current situation, families in the United States are struggling to meet their basic needs and cover basic expenses. President Joe Biden's American for Families Plan is an investment in building a foundation of middle-class prosperity: education, health care and child care, regardless of gender, race, background or place of residence; urban, suburban or rural. This plan has a global vision in support of America's families as a whole.
The plan will focus on three main pillars:
Transformational investments will be made in young people from preschool through high school so that children and adolescents can grow, learn and acquire basic skills for the future.
- Two years of free community college are offered to millions of boys and girls.
- Universal access to free pre-kindergarten for 3 and 4 year olds.
- Lower college costs for low- and middle-income students at historically black colleges and universities (HBCU), tribal colleges and universities (TCU) and institutions such as Hispanic-serving institutions (HSI), Asian Americans and Pacific Islander Native Americans. institutions (AANAPISI) and other minority-serving institutions (MSI).
- An increase of up to approximately $1,400 in Pell Grants, which allows students to DREAMers access to funds.
- Provide support to students to increase retention and completion.
- A $9 billion investment to strengthen the teacher pipeline and address shortages, increase the number of teachers of color, and support teacher professional growth.
- Ensure that no one earning less than 150% of state median income has to pay more than 7% of their income on high quality care for children under 5.
- Provide comprehensive family and medical leave, allowing workers to take the time they need to care for a new child, attend to a serious illness of their own or a loved one.
- Expand nutritional assistance, including school meal programs and the summer nutritional benefits program, for children and families.
- Invest $3 billion in maternal health.
- Make permanent the Child and Dependent Care Tax Credit, providing up to $4,000 to cover expenses related to the care of a child under age 13 with a disability and up to $8,000 to cover expenses for multiple children or dependents. Also, families earning less than $125,000 annually can claim the full credit and families earning up to $438,000 can claim a partial credit.
- Make permanent the expansion of the earned income tax credit for childless workers, benefiting 17 million low-wage workers, many of whom are essential workers, including cashiers, cooks, delivery drivers, food preparation workers, and child care workers.
- Extend the Child Tax Credit increases in the American Redemption Plan for another five years, increasing tax credits for children under age 6 from $2,000 to $3,600 and for children over age 6 from $2,000 to $3,000.
- Reduce health care costs by making American Rescue Plan health insurance premium reductions permanent, saving families an average of $50 per person per month.
The President's proposed American for Families Plan promotes a tax reform agenda that rewards work, not wealth. It is a one-time investment and plans to rebuild the middle class and invest in America's future.