Americans spend 25% of their income on childcare. Biden wants to change that | Moira Donegan

Published May 03 2021 at 1:04 PM GMT
Key
Points
  • As one sociologist put it: "Other countries have social safety nets.
  • That needs to changeAt first glance, it seemed a bit odd that the Biden administration separated its economic agenda into two different bills.
  • The first of these huge pieces of legislation was the American Jobs Plan, a $2tn infrastructure bill that would fix roads and bridges but also invest in clean drinking water and high-speed internet access.
  • The second of the bills, unveiled on Wednesday, is the American Families Plan, a $1.8tn investment in education, paid leave and childcare.
  • The bills are both framed as long-term, forward-thinking investments addressing a decades-long negligence in federal spending, and they're both being pitched as tickets to greater American prosperity.




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  • Published May 3, 2021 1:04 PM GMT