Overview

• 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.