John,
Lack of investments into our care economy have left millions of low-income and working people behind. It has meant fewer child care options for families, lack of paid family leave, and it has left aging adults and people with disabilities without the option of remaining in their homes and staying active in their communities.
A new report from the the Century Foundation and Caring Across Generations assessed states’ performances across multiple issue areas―child care and early learning, home- and community-based services, paid family and medical leave, paid sick days, fair working conditions for care workers, and family-supporting tax policies.1
Not a single state received an ‘A’ rating.
The American Rescue Plan Act (ARPA) provided historic investments in the care economy and even allowed states to experiment with new, innovative ways to approach programs. But that was only temporary funding and now, with much of the funds exhausted, we’re seeing negative consequences of decades of underinvestment.
As Congress and the Biden administration begin negotiations over the FY2025 budget, we’re joining experts to discuss competing visions for our future and what they would mean to critical funding for human needs.
Join CHN and our coalition partners today at 2PM ET/ 1PM CT/ 11AM PT for “Competing Visions: Federal Budget Choices Will Shape Our Future―But How?”
RSVP
Even if you can’t join us live, all registrants will receive the webinar recording and helpful resources.
And right now, you can jumpstart our campaign by sending a direct message to Congress, urging them to make critical investments in the care economy. Click here to take action today!
President Biden’s FY2025 budget calls for major investments such as reducing health care and housing costs, adequate funding for nutrition programs like SNAP and WIC, and permanently expanding the Child Tax Credit and the Earned Income Tax Credit. The Biden budget also invests in the care economy―recognizing that when families have paid leave and child care, aging and disabled people receive direct care at home, and care workers are paid fairly, family well-being rises and the whole economy benefits.
These investments will be paid for by requiring the wealthy and corporations to pay their fair share. Some examples of this include a 25% minimum tax on individuals with more than $100 million in wealth; repealing the Trump tax cuts for the wealthy; taxing capital gains at the same rate as earnings for those with over $1 million in income; increasing the corporate tax rate from 21% to 28% while raising the corporate minimum tax rate; and increasing Medicare tax rates for those earning over $400,000.
The House Budget Committee passed their own budget proposal that would inflict draconian cuts to human needs programs and expand the Trump tax cuts. It does not propose any new revenues.
This webinar will provide expert analysis of these competing budget visions, and will help you make the case for investments and fair and adequate revenues, and refute arguments that we must cut human needs programs to reduce the deficit.
Click here to register for today’s webinar. All registrants will receive an email with the link to join and you’ll have the opportunity to ask questions of our panelists.
And right now, you can jumpstart our campaign by sending a direct message to Congress, urging them to make critical investments in the care economy. Click here to take action now!
Thank you for all you do. I hope to see you online today at 2PM ET. (And if you can’t make the live presentation, if you register we’ll send you the webinar recording and other resources.)
Deborah Weinstein
Executive Director, Coalition on Human Needs
1 Care Matters: A 2024 Report Card for Policies in the States
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