It would be a big spending item in the budget, but that's because it could have a big effect on working parents and their children.
The report, which the groups shared with HuffPost prior to publication, says that more than 8 million young children would be in those pre-kindergarten programs or subsidized child care if the Democratic plan took full effect.
To give you a sense of scale, the number of young children getting subsidized care today is less than 1 million, according to the report. Mostly that’s through a limited set of federal grants to the states that the new Democratic initiative would largely replace. “This report adds to the growing evidence that creating a child care system will make a huge difference in the lives of families across the country,” Sen. Patty Murray , who is the proposal’s chief sponsor in the Senate, told HuffPost after seeing the report.The new report’s findings are similar to those that another liberal think-tank, theYou shouldn’t treat either of these estimates as gospel because predicting the effects of child care subsidies is far from an exact science.
But the reports can at least convey a sense of magnitude. And their conclusions make sense intuitively. The Biden budget set aside $450 billion over 10 years for child care and pre-kindergarten programs. There’s no simple way to make an “apples to apples” comparison with current government spending on early childhood programs. But very roughly speaking, that works out to $45 billion annually, which is aboutThe infusion of new money Democrats have in mind is supposed to do more than reduce the effective price of child care.
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