Biden to Unveil American Family Plan Funded by Taxing Wealthy

The video discusses a 10-year infrastructure plan proposed by the Biden administration, highlighting its transformative aspects such as free childcare and community college. It addresses the lack of changes to the estate tax, despite its potential as a redistributive tool. The plan faces political challenges, with the GOP framing it as a big tax era. Public support is claimed, but Senate dynamics and local tax issues in states like New York and California pose hurdles.

What is one of the key features of the new infrastructure plan?

• Free healthcare for all Americans

• Free childcare and community college

• Increased military spending

• Reduction in corporate taxes

How does the plan address the estate tax?

• By eliminating the estate tax entirely

• By maintaining current rates but including a step-up basis for inherited assets

• By increasing the estate tax rates

• By reducing the exemption limit for estate tax

What is the stance of Biden's advisers on the estate tax?

• They believe it should be increased significantly

• They propose reducing the exemption limit

• They think addressing it would be a step too far

• They want to eliminate it completely

What is the GOP's perspective on the infrastructure plan?

• They believe it will reduce taxes for the wealthy

• They view it as the start of a big spend, big tax era

• They see it as a continuation of the Reagan era

• They fully support it

What challenge does the plan face in Congress?

• Lack of support from any Democratic senators

• The need for a supermajority to pass

• Skepticism from Joe Manchin and state tax exemption issues

• Unanimous support from the Republican Party