Biden Reaffirms Commitment to Care Economy, Promises Restoration of Child Tax Credit

President Joe Biden emphasizes support for care workers and family caregivers, pledging increased funding and regulatory changes to improve the care sector.

President Biden reiterated his dedication to the care economy during a speech at Union Station, focusing on increased support for care workers and family caregivers.
Biden announced plans to restore the child tax credit, which lapsed in 2022, aiming to reduce poverty and provide financial relief to families.
The President committed to regulatory changes that would set minimum staffing requirements in nursing homes, a move that does not require congressional approval.
Biden's budget proposals include significant increases in child care funding and the establishment of a national paid family and medical leave program.
The administration's efforts contrast sharply with Republican proposals, which include cuts to caregiving programs and tax benefits primarily for the wealthy.