Warren unveiled her universal child care plan yesterday:
LINK
Basically creates a locally administered, federally funded network of day-cares and preschools, open to all children and bridging from birth to school entry age. For those families making 200% of the federal poverty level ($51k for a family of 4), participation is free. Above that, families pay some share of the cost based on their income, but the highest payment tier is capped at 7%. She argues that, currently, poor families pay 17% of their income on child care, and many are unable to fully participate in the workforce due to child care needs. The annual cost is estimated at $70 billion, and it would be funded entirely by the wealth tax she has already proposed (which is projected to raise 4x the needed amount for this program).