Get the latest market trends in your inbox
Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul
Tampa-St. Petersburg news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg
Elizabeth Warren. Photo: Scott Eisen/Getty Images
In her next big move as a presidential candidate, Sen. Elizabeth Warren plans to release a proposal for universal child care on Tuesday, HuffPost first reported and Axios has confirmed with a source familiar with this plan.
Why it matters: This could make child care a more prominent issue in the 2020 presidential election, especially as health care in general will be a dominant topic. Both Hillary Clinton and Bernie Sanders proposed significant changes to the current child care system during the 2016 election.
Details: A source familiar with Warren's proposal told Axios that access to child care would be free for any family living under 200% of the poverty line.
- But no family, regardless of income, would ever pay more than 7% of their income for access to child care among the providers included in this proposal.
- The plan would cost nearly $700 billion, per HuffPost. A source familiar with the proposal told Axios that Warren would plan to pay for this using part of the revenue generated from her wealth tax proposal.
Go deeper: Read an analysis of the proposal below...