Biden’s campaign puts the price at $ 775 billion over 10 years and says it would be fully covered by reducing tax exemptions for real estate investors with incomes above $ 400,000 and taking steps to increase tax compliance for those with high incomes. .
The plan calls for the construction of energy-efficient childcare facilities, including at workplaces. The former vice president also proposes to increase wages, benefits and training for early childhood caregivers and educators, while making sure they have the option to join unions and bargain collectively.
Along with pre-K for 3- and 4-year-olds, Biden wants to offer low-income and middle-class classes. families a tax credit of up to $ 8,000 to help pay for child care. Proposes subsidizing child care on a sliding scale to families who prefer that option over the tax credit.
The plan also calls for increased access to after-school, weekend, and summer care for families with school-age children, as well as investments in child care and comprehensive services at the community college, in addition to increased access to Defense Department child care for military families. .
Biden’s campaign says his plan would put 3 million Americans to work in new care and education jobs, while providing families with up to 12 weeks of paid family and medical leave.
