The left can’t give other people’s money away fast enough as they claw their way to 2020………
Sen. Elizabeth Warren has announced plans for a universal child-care program as part of her 2020 agenda in her bid for the White House, and she plans to fund it with a wealth tax on America’s richest.
The Massachusetts Democrat said the plan will allow the federal government to partner with local child-care providers to create daycare centers, preschools, and in-home options for everyone.
The government would pick up a chunk of the total costs by providing all of it for free to families who make less than 200 percent of the federal poverty level, which starts at $12,490 per year for a household of one and adds an additional $4,420 per year for each additional family member.
That means a family of four would get free child care unless their income exceeds $51,500.
No family will have to pay more than 7 percent of their income on child care.
“My plan provides the kind of big, structural change we need to transform child care from a privilege for the wealthy to a right for every child in America,” Warren said in a blog post announcing the proposal. “That means free coverage for millions of children.”
Warren has given examples of how families might benefit, saying a couple in South Carolina making $50,000 a year and raising a 4-year-old and an infant would get free child care for those two kids, rather than pay $11,000 a year, the average cost for such care in that state.
A married couple in New Hampshire with two small kids making $125,000 would pay no more than $8,750 for child care, rather than shell out $21,000, the average cost in their state.
The federal government would cover much of the cost of operating the child-care options.
Warren said that the program would be optional for families to use, but said that an independent analysis estimated that 12 million children would participate in one of the new options.