The Wall Street Journal: Biden White House looks at new push for child-care, eldercare benefits

by | Dec 21, 2022 | Stock Market

WASHINGTON—Top White House economic officials are considering a renewed push for a suite of policies aimed at luring more Americans back to work, including enhanced child-care and eldercare benefits, as they hammer out priorities for the coming year. The question of how to find enough workers has emerged as a significant issue as the country emerges from the pandemic, with a smaller share of adults working or looking for work than in early 2020. White House economic officials expect to brief President Biden on their thoughts over the holiday break as the administration shapes its agenda for 2023 and plans for Mr. Biden’s State of the Union address. 

“Where are places where we can lower price pressures in the economy, lower costs for consumers and increase the productive potential of the economy?” asked Brian Deese, the director of the White House’s National Economic Council, in an interview Tuesday with The Wall Street Journal. “The things that we will prioritize and focus on will be in that area.” Mr. Deese didn’t specify exactly what the team plans to present to the president. Any major overhauls would almost certainly require congressional approval, which will become more difficult when Republicans gain control of the House of Representatives next year. The party has signaled little interest in cooperating with past White House proposals to expand benefits.   The White House has previously pushed for paid family leave, universal prekindergarten and permanent expansion of the Child Tax Credit as part of its Build Back Better agenda, which stalled after it was opposed by Repub …

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