Biden Outlines His Tax Plan During Community College Visit

The American Families Plan is going to provide access to quality, affordable child care, keeping parents — helping parents go back to work, providing a lifeline of benefits for children as they do better in school throughout their lives. I was a single father when I first got elected to the Senate. I had two young boys raised after their mom and sister were killed. And I had I not had the family I had, I’d never been able to do it. And I’m not joking about that. And I was a senator. I was making a decent salary. The choice is about who the economy serves. And so I plan on giving tax breaks to the working-class folks, and making everybody pay their fair share. Here’s an example of that choice. If you ask the top 1 percent to pay the same tax rate they paid in 2001 when George Bush was president, that would generate $13 billion a year. Now, that’s enough for us to take around 11 of that $13 billion and provide for two years of community college free for every student in America. So for folks at home, I like to ask the question: Do we want to give the wealthiest people in America another tax cut, or do you want to give every high school graduate the ability to earn a community college degree on their way to good-paying jobs or on the way to four years of school and the industries of the future —health care, I.T., cybersecurity, you name it?