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Adam Tooze

Chartbook Newsletter #19: American Family Values and Biden’s Families Plan

Biden’s Families Plan is the third of his economic packages. Billed at $1.8 trillion over ten years, the Families Plan complements the immediate support provides by the Rescue Plan and the long-term Jobs/infrastructure Plan.
The Families Plan concludes the sequence, but the family has been a key preoccupation of all three of Biden’s programs.

The Rescue Plan offered hundreds of billions in support for child care providers and families in the form of family tax credits. It established what amounts to a temporary child benefit system. The Jobs/infrastructure plan provided $400 billion for elder care. As David Dayan summarizes in the American Prospect, the Families Plan adds to that a long-term continuation of child tax benefits, hundreds of billions for child care and Federal backing for paid family and medical leave.

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