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Biden plan taxes rich, investors for middle-class ‘security’ as agenda price-tag tops $5 trillion

President Joe Biden speaks about COVID-19, on the North Lawn of the White House, Tuesday, April 27, 2021, in Washington. (AP Photo/Evan Vucci)

By David Sherfinski

The Washington Times

President Biden is set to announce a $1.5 trillion-plus proposal on Wednesday to boost federal spending on paid leave, child care and community college and raise taxes on the wealthy and investors to cover some of the costs.

The “American Families Plan,” which Mr. Biden will detail to a modified joint session of Congress, would push the price tag of Mr. Biden’s early legislative agenda north of $5 trillion since he took office nearly 100 days ago.

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