New Analysis Finds Build Back Better Act Could Deliver Major Savings to Families in all 50 States
State-by-state analysis reveals typical family of four using center-based child care could save thousands of dollars every year
WASHINGTON – Today, the Education and Labor Committee released a new state-by-state analysis that found the Build Back Better Act could significantly lower child costs for American families in all 50 states. The Committee’s analysis finds that a typical family of four using center-based child care could save thousands of dollars every year.
“This is why we need to pass the Build Back Better Act,” said Chairman Robert C. “Bobby” Scott. “For too long, the exorbitant cost of child care has strained family budgets and pushed millions of Americans out of the workforce, particularly women. As our communities recover from a pandemic that only worsened the child care crisis, we have a responsibility to make bold investments that will expand access to quality child care and help working parents return to work. The Build Back Better Act will lower child care costs for families across the country and provide children with high-quality early childhood education. This is a vital investment in our families, our economy, and our future.”
Under the provisions of the Build Back Better Act advanced by the Education and Labor Committee, no family would pay more than 7 percent of their income on child care. Families making 100 percent of the State Median Income or less would pay no more than 2 percent of their income on child care, regardless of the number of children they have in child care.
In Virginia, the typical family of four with one infant in center-based child care would save more than $12,000 a year. The typical family of four with one infant and a second child in center-based child care would save more than $24,000 a year.
Lowering the cost of child care is a cornerstone of President Biden’s plan to support working families and grow the economy by helping parents get back to work.
For the full analysis, click here.
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