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July 21, 2020 at 6:33 AM EDT
Biden to unveil plan to help families struggling during pandemic
Presumptive Democratic presidential nominee Joe Biden plans on Tuesday to propose pumping hundreds of billions of dollars into the care of young and old Americans, an initiative that his campaign says has heightened urgency because of the coronavirus pandemic.
The proposal, which would cost $775 billion over 10 years, would provide universal preschool to 3- and 4-year-old children, fund the construction of new child-care facilities, and offer tax credits and grants to help pay for care positions for the young and the elderly, according to his campaign.
It would be funded in part by rolling back some tax breaks for real estate investors and by “taking steps to increase tax compliance for high-income earners,” according to the Biden campaign.
“The pandemic has laid bare just how hard it is for people in this country to find access to quality caregiving they need for themselves, or to juggle the responsibilities of working and also caring for family members,” according to a campaign document released early Tuesday.
By Annie Linskey, Matt Viser and John Wagner
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