Daily Tax Report ®

Warren Proposes Universal Child Care Plan Funded by Wealth Tax (1)

Feb. 19, 2019, 10:08 AMUpdated: Feb. 19, 2019, 2:15 PM

Democratic presidential candidate Elizabeth Warren proposed a universal child care plan that would limit American families’ expenses to 7 percent of income regardless of how many children they have in care—paid for by a tax on the ultra-wealthy.

The Massachusetts senator’s plan, unveiled Feb. 19 on Medium.com, would make child care free for families with incomes below 200 percent of the poverty level, or less than $51,500 for a family of four, according to a person familiar with the plan. Other families would pay up to 7 percent of income, depending on how much they earn.

Elizabeth Warren
Photographer: Daniel Acker/Bloomberg

The proposal marks...

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