Sen. Elizabeth Warren (D-Mass.) will unveil a major new initiative on Tuesday designed to make sure every family can afford high-quality child care, according to several people who have heard about the proposal or seen material describing it in the past week.
The plan seeks to make access to child care universal, the sources told HuffPost, by offering federal funds to providers that offer care at their facilities on a sliding income scale.
No family would have to spend more than 7 percent of its household income on child care, no matter the number of kids. Families with incomes below twice the poverty line, which is roughly $50,000 a year for a family of four, would pay nothing.
Only providers that meet federal safety, staffing and curriculum standards could qualify for the funding.
Officials with Warren’s 2020 presidential campaign declined to comment on the proposal and the sources familiar with the plan cautioned that some details were still in flux as of last week.
But, the sources said, the campaign has an internal analysis that shows the initiative will likely require approximately $700 billion in new federal spending over 10 years. That is a net figure, taking into account higher economic benefits of early childhood investments, such as making it easier for new parents to return to work.
If that estimate is indicative, the new outlays in Warren’s plan would be at least four times what the federal government currently spends on its main early childhood programs, which include Head Start, a block grant for state-level child care programs, and a tax credit that mostly benefits middle-class families.
To offset the cost of the initiative, the sources said, Warren will propose using revenue from her proposal for a new tax on wealth.
Seems like a worthwhile initiative, but I’m afraid I can’t judge it fully until I find out if she likes her food bland and unseasoned or uses hot sauce like a worthless shitlib.