Senator Elizabeth Warren (D-MA) has rolled out her universal child care plan. The intention is to make preschool and childcare more affordable for working families by taxing wealthy families with net worth of $50 million and higher, then creating government subsidies and grants that are extended to private schools, cities, and states.
In her plan, she says that her tax on the wealthy can alleviate three problems associated with childcare problems: poor supply of facilities in impoverished areas, low salaries for childcare workers, and insufficient educational programs provided at existing facilities.
Instead of charging families a flat rate equal to what other families with children enrolled at the same school would pay, Warren proposes a sliding scale so that parents are provided the highest quality care at a rate that they can afford, per their annual income. Her plan would cost American taxpayers 1.7 billion dollars to roll out over the next 10-years and would serve more than 12 million children during that time frame.
Feelings about her plan are divided with some arguing against taxing the rich to aid the poor. Others feel that requesting wealthy individuals and families to pitch via taxation is a benefit to society. The underlying motive for this plan, according to Warren, is to bring stay-at-home mothers back into the workforce.
Right now, many mothers, she claims, do not work because of an inability to pay for childcare costs. According to a recent survey, some childcare centers cost anywhere from 10 percent to 36 percent of a wage earners income.
Her plan differs from The Family Fun pack which offers a family subsidy of $300 a month for families of children under the age of 18 and free childcare. Whether or not her plan would provide a subsidy for stay-at-home parents that elect not to return to the workforce or place their child in school, is still left unanswered.