October 26, 2022

Yellen Renews Call for More Child-Care Support to Boost Economy (Law.com)

By Christopher Condon

Treasury Secretary Janet Yellen renewed her call for enhanced government subsidies for child care at a conference on women’s economic opportunity Saturday, a policy priority the Biden administration failed to win passage for in Congress.

“A wide body of research has shown that high-quality, affordable child care and free preschool increase the likelihood that parents, particularly mothers, will participate in the workforce,” Yellen said in remarks prepared for delivery Saturday at Vermont Technical College.

President Joe Biden’s sweeping legislative package unveiled in 2021 and known as Build Back Better included more substantial subsidies for child care and early education than was funded by the bill that eventually passed this year, the Inflation Reduction Act.

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U.S. Treasury Secretary Janet Yellen. Credit: Alexandros Michailidis/Shutterstock.com