RELEASE: New State Estimates Show How Much Build Back Better Could Lower Families’ Child Care Costs
Washington, D.C. — Today, the Center for American Progress released new estimates for how much the typical family in all 50 states and the District of Columbia could save on child care costs if Congress were to pass President Joe Biden’s Build Back Better agenda. Using state median income and child care cost data, the analysis shows that the plan’s sliding scale limit on child care costs for families would save the typical working family more than $100 per week on child care in 32 states and Washington, D.C. In other words, the Build Back Better Act would lower the typical family’s annual child care costs by about $5,000 to $6,500 in most states.
“The typical family with young children spends roughly $13,000 a year on child care expenses—holding back our economy and putting access to early learning out of reach for millions of low- and middle-income families, many of whom are families of color.” said Rasheed Malik, associate director of research for Early Childhood Policy at CAP. “While some families could be eligible for even greater assistance, this analysis shows that the Build Back Better Act would significantly lower costs for the typical working family in all 50 states and Washington, D.C. It’s imperative for Congress to pass the plan to provide this urgently needed support to invigorate our economy and help working families afford daily costs of living, such as child care.”
Please click here to read “The Build Back Better Act Would Greatly Lower Families’
Child Care Costs” by Rasheed Malik.
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