June 30 — To the Editor:
As I struggled when I was a young parent to afford childcare, I see my daughter and her husband struggle even more because the cost of living has increased significantly and wages have only risen slightly. It is, therefore, far more difficult to get by today than it was 25 years ago when my children were young. My daughter graduated with her Bachelor’s degree with honors at UNH. She now works full time as does her husband. They have two preschool children and a small condo in the New Hampshire Seacoast region. They live responsibly and modestly, yet they’re saddled with health care, mortgage, and childcare expenses; taken altogether, they’re stretched too thin. Clearly, our system is broken for working families and something needs to be done.
To keep this short, of the many wonderful plans Elizabeth Warren is proposing, I will only address the childcare plan. Under this plan, families will pay at most 7% of their income for childcare, and those living below the poverty line will pay nothing. So, a family earning $80K would pay no more than $467/month for childcare. Looking at my daughter as an example, she and her husband pay $900/month for two kids to attend daycare twice a week. Warren’s plan would reduce their payment by nearly half. If they required that their kids attend daycare more than just twice each week, as most families do, Warren’s plan would reduce their payment by far more than half.
Warren’s plan is to federally subsidize childcare so it’s affordable, so there are more quality facilities available, and so childcare workers are paid a living wage. She intends to pay for this by taxing those who earn more than $50 million annually. A tax of $.02 on every dollar above $50 million earned will go toward childcare, education, and health care.
I’m tired of the government working primarily for the wealthy whose money never has and never will trickle down. It’s time to tax the wealthy a fair amount so working Americans, upon whose backs the wealthy benefit, are given the support they have earned.