Biden to unveil $775B plan for child and elder care
by Cassidy Morrison, Healthcare Reporter |
| July 21, 2020 11:58 AM
Joe Biden will unveil a proposal Tuesday for $775 billion in federal spending to improve the caregiver workforce, with a focus on early childhood education and elder care.
Biden, the presumptive Democratic presidential nominee, is slated to announce the plan at an event Tuesday afternoon in New Castle, Delaware. The Biden campaign said the plan would lead to 3 million new caregiving and education jobs over the next 10 years.
The campaign offered few details about where the funding would come from, but it told reporters that Biden would roll back tax breaks for real estate investors making more than $400,000 annually and enforce tax compliance.
The plan also includes sending emergency funding for states and tribal governments to keep child care and elder care centers fully operational. Affordable child care has become harder to find as so many centers have been made to shut down due to the economic restrictions placed on businesses earlier in the pandemic.
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