The $775 billion package of proposals is the third plank of his Build Back Better plan aimed at creating millions of jobs and shoring up an economy badly battered by the coronavirus pandemic.
Tuesday to help American families afford and access care for their children and elderly loved ones.
Biden is the presumptive Democratic candidate for president.For households earning less than $125,000 annually, Biden proposed a refundable tax credit of up to half a family's child care costs for children under 13. It would max out at $8,000 for one child or $16,000 for two or more children. Families earning between $125,000 and $400,000 will qualify for partial credits.Biden's plan would cap child care costs for many families.
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