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Fund childcare to allow more moms to join workforce, Biden says

Economy Oct 15, 2021 04:52PM ET
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2/2 © Reuters. U.S. President Joe Biden arrives at Bradley International Airport in Windsor Locks, Connecticut, U.S., October 15, 2021. REUTERS/Leah Millis 2/2

By Jeff Mason

HARTFORD (Reuters) - U.S. President Joe Biden touted a crucial part of his economic plan, funding for childcare that will free parents, mostly women, to work for pay, in a speech at a Connecticut childcare center Friday.

"How can we compete in the world if millions of American parents, especially moms, can’t be part of the workforce because they can’t afford the cost of childcare or eldercare," Biden said.

Biden originally pitched $200 billion in funding for universal pre-kindergarten and other childcare programs as part of a broader "Care Economy" policy aimed at boosting economic growth by paying child and home health care workers better, and freeing up unpaid caregivers to go to paying jobs.

The White House is also pushing for tax credits for businesses to build on-site childcare.

"So you go to work with your child, and you have a serious facility onsite," Biden said, citing studies that show that such operations increase productivity.

Biden recounted his own experience as a young senator, after his wife and daughter were killed in a car accident. Even on a congressional salary, "I could not afford childcare" for his two sons, Biden said, adding he was lucky to have relatives who could help.

He commuted by train to Washington from his home state of Delaware every day because "the train was cheaper to be able to take every day," than childcare in Washington, he said.

The White House has cited Yellen, Harris urge childcare investments to boost overall U.S. economy outside estimates that U.S. gross domestic product would expand by 5% if women, who do most of the unpaid care work, participated in the workforce at the same rate as men.

A $3.5 trillion spending package Democrats presented in August included over $700 billion in funding for social programs, including pre-kindergarten and paid leave, community college and grants for low-income students. Democratic Senators Joe Manchin and Kyrsten Sinema want to trim the package significantly, and Republicans are universally expected to against it.

Fund childcare to allow more moms to join workforce, Biden says
 

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Comments (13)
Dimitri Andreou
Dimitri Andreou Oct 15, 2021 10:37PM ET
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If parents could make enough money working, they could afford child care. If they don't, it means that the childcare is more valuable that the work performed, say, by the mother. Subsidizing child care would "unlock" this less valuable work, at a higher cost, making everyone poorer. Yay for equality, I guess
Catholic Man
CatholicMan Oct 15, 2021 6:49PM ET
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Yikes, not the job of government, and won’t get that result anyway.
Ac Tektrader
Ac Tektrader Oct 15, 2021 5:12PM ET
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I see susan Edwards like most conservatives, has forgotten or is ignorant of what it's like for a single mother to support a family.
Ac Tektrader
Ac Tektrader Oct 15, 2021 5:07PM ET
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I've noticed that the conservative narrow minded and misguided anti american opinions, based on prejudice and ignorance against women's issues, seem to be out in force today.
Michael Angelo
Michael Angelo Oct 15, 2021 5:03PM ET
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Unfortunately the Republicans cannot offer something than Trump, otherwise with Democrats we're going to the drains...
Ac Tektrader
Ac Tektrader Oct 15, 2021 5:03PM ET
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if you support trump you must support authoritarianism and inserection. it says a lot about the Republican party when they support serial liars crooks, unindicted felons who tried to steal the 2020 election through lies, threats, and intimidating e!ection officials.
Ac Tektrader
Ac Tektrader Oct 15, 2021 4:52PM ET
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conservative strategy.1. to keep an underclass of poverty 2. get a free economic ride through tax breaks and special economic privilege. 3. to limit American Democracy to themselves.
Connecticut Yankee
A_Jaundiced_Eye Oct 15, 2021 3:47PM ET
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Four-step Liberal strategy: 1) Pass childcare funding, creating hundreds of thousands of unskilled jobs; 2) let in hundreds of thousands of illegals to take jobs; 3) offer citizenships to illegals; 4) register new citizens as Dems.
Ac Tektrader
Ac Tektrader Oct 15, 2021 3:43PM ET
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Kathy brands and friends..so you like the idea of a permanent underclass of poor families and single parent women living in poverty. America is the only modern capitalist country not subsidizing child care.
James Pattison
James Pattison Oct 15, 2021 3:32PM ET
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Funding this creates a two income trap… so said elizabeth warren back before she went cray cray
MuraliKrishna Brahmandam
MuraliKrishna Brahmandam Oct 15, 2021 3:12PM ET
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more white or black or Hispanic mom's? Biden can give those details in detail
James Pattison
James Pattison Oct 15, 2021 3:12PM ET
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He can barely speak
Ac Tektrader
Ac Tektrader Oct 15, 2021 3:12PM ET
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there will be more white moms .because there are more white people in poverty.
 
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