President Joe Biden plans to eliminate his proposal for tuition-free community college, he tells his fellow Democrats
This is to cut down the administration’s initial spending plan of $3.5 trillion. Adding to the budget cutdowns including shortened paid leave, cutbacks on renewable energy spending, and a rolled-back child tax credit, the spending plan may be priced to only around $1.75 trillion and $1.9 trillion.
The community college proposal made up $109 billion of the package. Biden has always been passionate about the project, and in fact, two years of free community college was a campaign promise. This has been a key focus for Biden even back when he was vice president.
“My Council of Economic Advisers and the Office of Management and Budget released a report showing clearly how my Build Back Better plan will lower out-of-pocket expenses for families,” Biden said in August.
“For example, a family with two parents who together earn $85,000 per year. They have an adult daughter who lives with them and attends a community college.
Recommended Read: Biden’s $300 Billion Housing Plan To Be Removed Amid Housing Crisis
Under our Build Back Better plan, their daughter would be eligible for two years of community college free. That will save them $2,400 a year. That’s like a $2,400 tax credit. In addition — and I should say “tax cut,” not just “credit,” he added.
However, the concession on free college isn’t a surprise, reports say. The administration desperately needs to cut down on costs to accommodate other “pressing” tasks.
