The broad strokes of the plan-- which would cover 12 million children-- would mean no family would have to spend more than seven percent of its total household income, according to The Huffington Post, which first reported on the announcement. The report said the number is based off a Department of Health and Human Services figure on what qualifies as affordable child care.
The plan is still being worked on, but sources told the news outlet that they expect it to cost about $700 billion in new funding over 10 years, or four times what the federal government pays on these programs.
The plan is still being worked on, but sources told the news outlet that they expect it to cost about $700 billion in new funding over 10 years, or four times what the federal government pays on these programs.
Warren set to release $70B-per-year plan for universal child care, will tap wealth tax
Elizabeth Warren, the Democratic senator from Massachusetts, is expected to announce a plan Tuesday that would fund universal child care by tapping into revenue from her wealth tax proposal, reports said.
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