Elizabeth Warren’s universal child care plan, explained
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She’s the first 2020 candidate out with a plan to make day care and preschool affordable.
Sen. Elizabeth Warren (D-MA) has rolled out a sweeping plan to provide all Americans with affordable child care, paid for with a new tax on multimillionaires.
Warren envisions a network of child care facilities, subsidized and regulated by the government, for all children too young to attend school. Facilities would charge families based on their ability to pay.
Quality child care is expensive. In many states, it can cost more than tuition at a public university. It’s also in scarce supply.
Contenders in the crowded primary field have already announced other sweeping domestic plans, including on health care and family leave. But Warren is the first 2020 Democrat to roll out a plan that focuses on child care specifically.
An analysis of the Warren plan from the financial services company Moody’s estimates that the program would cost $1.7 billion over the course of a decade, with 12 million children receiving care under the new program.
Warren proposes paying for those costs with her plan to tax fortunes worth more than $50 million, which you can read more about here.
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