The legislation is an effort to build on the American Rescue Plan
President Biden is expected to announce the American Families Plan during his first joint address to Congress on Wednesday that has been framed as a complement to earlier massive investments during the COVID-19 era, but critics will likely seize on the plan as an attempt to extend major parts of the earlier relief packages.
The legislation is an effort to build on the American Rescue Plan, which was the $1.9 trillion behemoths passed in March. Republicans were opposed to the earlier plan because they argued that only nine percent of the funds went to actual COVID-19 relief.
Larry Kudlow, the former Trump economic advisor, and Fox Business host said Tuesday that rumors of Biden’s tax plan has galvanized the Democrat Party's socialist wing.
"This is redistribution, assault on investment and it makes left-wing ideology -- I will say [Rep. Alexandria Ocasio-Cortez] is correct: the progressive left won Biden’s heart, absolutely," he said.