Joe Biden Unveils Plan To Reverse Donald Trump's Tax Cuts For Rich

US President Joe Biden will use his speech to a joint session of Congress to unveil the $1.8 trillion American Families Plan.

President Joe Biden will call for reversing his predecessor Donald Trump's tax cuts for the wealthy to pay for a huge middle class families spending program, senior administration officials said Wednesday. Biden will use his speech to a joint session of Congress to unveil the $1.8 trillion American Families Plan, funded by ending Trump's tax cuts and closing loopholes used by the most wealthy to escape paying their share, officials said. "The president will be proposing a set of measures to make sure the wealthiest Americans pay the taxes that they owe, while also ensuring that no one making less than $400,000 a year will see their taxes go up," one official, who asked not to be identified, told reporters. The spending plan, which will need approval by a deeply divided Congress, would pour money into early education, childcare, higher education and other building blocks in what the Biden administration argues will be reconstruction of the country's battered middle class.