Sumary of Harris and Yellen urge Congress to back affordable child care proposal:
- In her first visit to the Treasury Department since taking office, Vice President Kamala Harris urged Congress Wednesday to fund the largest-ever federal investment in affordable child care, wielding a new Treasury report on the positive economic impact of such caregiving.
- ”“It’s past time that we treat child care as what it is — an element whose contribution to economic growth is as essential as infrastructure or energy,” Yellen said in a statement released Wednesday morning.
- The proposals are part of President Joe Biden’s $3.5 trillion economic agenda, which includes overhauls to federal health care, education and safety net programs.
- “Some estimates suggest our GDP would be five points higher if women participated in the workforce at the same rate as men,” Harris said in remarks at the Treasury Department on Wednesday afternoon.
- In order for the country to fully recover from the pandemic, “we need to bring child care costs down with a significant public investment,” she said.
- Yellen said the child care system doesn’t work the way it’s supposed to.
- “Those who provide child care aren’t paid well and those who need it can’t afford it.
- ”The pandemic has only underscored the nation’s existing child care crisis.