Universal Child Care is Also Good for the Economy
Katrina vanden Heuvel writes in The Washington Post:
Warren’s proposal should spark an overdue and necessary conversation about a problem that leaders in both parties have long neglected. More than half of Americans now live in child care “deserts,” according to the Center for American Progress, including significant majorities of rural and Latino families. Compared with the rest of the world, the United States spends pathetically little on family benefits, ranking second-to-last among developed nations. “This dearth of family benefits leads to two cruel outcomes,” writes Matt Bruenig, whose People’s Policy Project recently published its own set of ideas for addressing the child-care crisis. “It denies many people the ability to have the families that they want and inflicts financial ruin on many of those who go through with parenthood despite the lack of social support.”
Women especially suffer the consequences of this neglect, often sacrificing their careers and other opportunities to pick up the slack. Yet while it is fitting that universal child care would gain traction at a time when women are playing an increasingly vital role in the national debate, Warren’s proposal would not only improve the lives of women or even parents. Its impact would also ripple outward, benefiting all Americans. In fact, Moody’s Analytics chief economist Mark Zandi estimates that Warren’s plan would generate twice as much growth per year over a decade as Trump’s corporate tax cut at less than half the cost — and that’s if the $1.5 trillion in tax cuts were paid for, which of course they were not. So, in addition to proposing good family policy, Warren is offering a boost to the economy that deserves to be covered and debated accordingly.
If this proposal were to become policy in the future, I won’t be benefiting from it, but I am still supporting it for the good of middle America family.