Bernie Sanders proposes $1.5 trillion universal child care financed by 'tax on extreme wealth'
by Nihal Krishan
| February 24, 2020 11:04 AM
Bernie Sanders proposed a new plan to guarantee child care through age 3, as well as universal free prekindergarten education, that would cost $1.5 trillion over a decade.
The Democratic presidential candidate said that the proposal would "substantially reduce the massive level of wealth inequality in America, create new and good jobs, enable parents to more easily balance the demands of work and home, and give our children the best chance at leading healthy, happy lives."
The Vermont senator would pay for the proposal through his wealth tax on those with over $32 million in net worth. His campaign has said that this tax would raise approximately $4.35 trillion over 10 years.
Sanders's campaign says the proposal will improve job flexibility for parents, improve childhood development, and increase wages and training for child care workers.
Other top Democratic candidates, such as Sen. Elizabeth Warren and former mayors Pete Buttigieg and Mike Bloomberg, have also put forward their own child care plans, but Sanders's is the broadest and most expensive.
https://www.washingtonexaminer.com/policy/economy/bernie-sanders-proposes-1-5-trillion-universal-child-care-financed-by-tax-on-extreme-wealth