Former Vice President Joe Biden proposed Tuesday to spend $775 billion over the next decade to expand and improve caregiving for children, the elderly and people with disabilities while creating 3 million new jobs as part of his economic recovery plans.
Biden’s goal as the presumptive Democratic nominee to challenge President Donald Trump is twofold: to take better care of caregivers, which in turn would free other members of families to enter or return to the workforce.
“This is about easing the squeeze on working families," Biden said at the Colonial Early Education Program at Colwyck Center in New Castle, Delaware. “We’re in a child care emergency. And it didn’t need to be this way."
Funding for the proposals would come from eliminating a Trump-supported tax cut for real estate investors who earn more than $400,000 a year and by better enforcement of existing tax laws against the wealthy.