Sanders: Wealth Tax for Child Care 02/24 06:20
WASHINGTON (AP) -- Bernie Sanders has joined fellow progressive Elizabeth
Warren in proposing that a "wealth tax" can fiance government-funded child care
from infancy through age 3 for every American family, then provide universal
pre-kindergarten programs after that.
Fresh off his win in Nevada, the Vermont senator called the nation's child
care and early education "an international embarrassment" while unveiling a
plan Monday that he said would fix it. His proposal would provide a minimum of
10 hours of daily child care, even for parents who work non-traditional
Sanders previously proposed an annual wealth tax starting at 1% on
households worth $32 million or more and increasing to 8% on fortunes of at
least $10 billion.
That's more ambitious than Warren's signature wealth tax, which kicks in on
fortunes worth $50-plus million and would also fund universal child care.
Warren, a Massachusetts senator, and other presidential hopefuls have
similarly proposed universal child care and pre-kindergarten. Sanders says the
federal government will impose quality standards for his pre-kindergarten
program, including minimum child-to-adult ratios and minimum wages for workers.